What US Federal Agriculture Improvement and Reform Act of 1996 (7 USC ch 100): Production Flexibility Contracts and Marketing Loans requires
The Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. ch. 100, sections 7201 to 7335) reformed federal farm income and commodity support by replacing target-price deficiency payments with fixed, decoupled production flexibility contract payments and nonrecourse marketing assistance loans, administered by the Secretary of Agriculture through the Farm Service Agency and the Commodity Credit Corporation. Section 7201 sets the short title and purpose, and section 7202 defines the terms, including contract commodity, producer, loan commodity, and oilseed. Section 7211 authorizes the use of production flexibility contracts under which a producer of a contract commodity agrees to comply with conservation and wetland requirements and planting flexibility in exchange for fixed contract payments, and section 7212 sets the elements of contracts. Section 7213 sets the amounts available for contract payments, section 7214 governs the determination of contract payments, and section 7216 addresses violations of contract. Section 7218 provides for planting flexibility, allowing producers to plant any crop on contract acreage subject to limitations. Section 7231 provides for the availability of nonrecourse marketing assistance loans for loan commodities, section 7232 sets the loan rates, section 7234 governs the repayment of loans, and section 7235 provides for loan deficiency payments. The Act is a foundational modern farm-support statute.
Pillar: Agriculture & Agritech · Authority: US Congress / Department of Agriculture (Farm Service Agency) · Version: 1.0.0 · Last updated:
Primary source: https://www.govinfo.gov/content/pkg/USCODE-2022-title7/html/USCODE-2022-title7-chap100.htm
SHA-256 integrity: 5c1aa34035c2d764df2d8823845b3bd3742cbb71724a641e4afe464b8c75735d
Primary Citations — 8 traced to source
- Federal Agriculture Improvement and Reform Act of 1996, 7 U.S.C. 7201 - short title and purpose.
- Federal Agriculture Improvement and Reform Act of 1996, 7 U.S.C. 7202 - definitions, including contract commodity, loan commodity, and producer.
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