S 2332 · 106th Congress · Agriculture and Food

A bill to amend the Agricultural Market Transition Act to permit a producer to lock in a loan deficiency payment rate for a portion of a crop.

Introduced 2000-03-30· Sponsored by Sen. Grams, Rod [R-MN]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.(2000-03-30)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Agricultural Market Transition Act to provide an alternative loan deficiency payment computation permitting producers to lock in a rate of up to 85 percent of the loan commodity (yield) from the date that the Secretary of Agriculture determines that a fall- or spring-planted commodity is beginning to be harvested until producers begin harvesting such commodity. States that payments shall be received after: (1) harvest of the total quantity of the loan commodity; and (2) receipt of related documentation by the Secretary.…

Summarized by Claude AI · Non-partisan · For informational purposes only