Helping the Pieces Fit

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Farm Service Agency, U.S. Department of Agriculture, 1997 - Agricultural credit - 11 pages
 

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Page 9 - Nation's most fragile farmland by encouraging farmers to stop growing crops on highly erodible and other environmentally sensitive acreage. In return for planting a protective cover of grass or trees on vulnerable property, the owner receives a rental payment each year of a multi-year contract. Costshare payments are also available to help establish permanent areas of grass, legumes, trees, windbreaks, or plants that improve water quality and give shelter and food to wildlife.
Page 3 - A producer must have entered into a production flexibility contract to be eligible for nonrecourse marketing assistance loans for wheat, feed grains, rice, and upland cotton. Any production of a contract commodity by a producer who has entered into a production flexibility contract is eligible for loans. Nonrecourse loans are also available for oilseeds, tobacco, peanuts, extralong-staple cotton, raw cane sugar, and refined beet sugar, regardless of whether the producer has entered into a production...
Page 1 - These payments are independent of farm prices and specific crop production, in contrast to the past, when deficiency payments were based on farm prices and the production of specific crops. The Federal Government no longer...
Page 4 - Under the dairy price support program, CCC buys surplus butter, cheese, and nonfat dry milk from processors at announced prices to support the price of milk. These purchases help maintain market prices at the legislated support level, and the commodities are used for hunger relief both domestically and internationally.
Page 3 - Corporation (CCC), which supports the prices of some agricultural commodities through loans and purchases. This provides farmers with interim financing, and helps maintain balanced and adequate supplies of farm commodities, and their orderly distribution, throughout the year and during times of surplus and scarcity.
Page 3 - ... provides farmers with interim financing and helps maintain balanced and adequate supplies of farm commodities, and their orderly distribution, throughout the year and during times of surplus and scarcity. Instead of immediately selling the crop after harvest, a farmer who grows one or more of most field crops can store the produce and take out a "nonrecourse" loan for its value, pledging the crop itself as collateral.
Page 9 - ... then arranges for the guarantee. For those unable to qualify for a guaranteed loan, FSA also lends directly to borrowers. To qualify for a direct farm ownership or operating loan, the applicant must be able to show sufficient repayment ability and pledge enough collateral to fully secure the loan.
Page 8 - ... declared disaster areas, including costshare assistance to producers who do not have enough feed to maintain livestock because of a loss of a substantial amount of their normal feed production. Emergency loans are also available. In the event of a national emergency, FSA is responsible for ensuring adequate food production and distribution, as well as the continued availability of feed, seed, fertilizer, and farm machinery.
Page 4 - ... entered into a production flexibility contract is eligible for loans. Nonrecourse loans are also available for oilseeds, tobacco, peanuts, extralong-staple cotton, raw cane sugar, and refined beet sugar, regardless of whether the producer has entered into a production flexibility contract. Price support for the marketing quota crops — tobacco and peanuts — is made available through producer loan associations. By law, these programs must operate at no net cost to the US Treasury, and no-net...
Page 4 - Forfeitures under nonrecourse commodity loan programs are not the only means by which CCC acquires inventory. Under the dairy price support program, CCC buys surplus butter, cheese, and nonfat dry milk from processors at announced prices to support the price of milk. These purchases help maintain market prices at the legislated support level. The 1996 Farm Bill eliminates dairy price support after December 31, 1999. CCC can store purchased food in over 10,000 commercial warehouses across the Nation...

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