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Agricultural Market Transition Act (7 USC Ch. 100)

Country/Territory
United States of America
Document type
Legislation
Date
2020
Source
FAO, FAOLEX
Subject
Agricultural & rural development, Food & nutrition, Water, Wild species & ecosystems
Keyword
Agricultural development Farming Contract/agreement Financial agricultural measures Credit Crops/grasses Research Policy/planning Agricultural commodities Internal trade Milk/dairy products Fruits/edible nuts Vegetables/legumes Sugar Wetlands Management/conservation
Geographical area
Americas, Arctic, East Pacific, North America, North Atlantic
Abstract

This act concerns agricultural market transition. It states that it is the purpose of this chapter (1) to authorize the use of binding production flexibility contracts between the United States and agricultural producers to support farming certainty and flexibility while ensuring continued compliance with farm conservation and wetland protection requirements; (2) to make nonrecourse marketing assistance loans and loan deficiency payments available for certain crops; (3) to improve the operation of farm programs for milk, peanuts, and sugar; and (4) to establish a commission to undertake a comprehensive review of past and future production agriculture in the United States. The act further provides for production flexibility contracts; nonrecourse marketing assistance loans and loan deficiency payments; other commodities, including dairy and sugar; Permanent Price Support Authority; and Commission on 21st Century Production Agriculture.

Full text
English
Website
uscode.house.gov