| Agriculture > agricultural subtopics > U.S. farm policy |
Overview: |
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|   | The 2002 Farm Act incorporates elements of previous farm bills and includes components designed to provide a safety net for farmers through a new countercyclical income stabilization program. Government payments provide a source of income to the farm sector. Beginning with the 1985 Farm Act and continuing with farm legislation in 1990 and 1996, a series of changes in commodity and other agricultural policies have attempted to move the sector toward market-oriented decisions that are also not "trade-distorting." Against a background of low commodity prices that spurred enactment of five supplemental emergency assistance packages, the new farm bill adds these "safety net" provisions and other new programs to existing policies. | |
Frequently Asked Questions (FAQs) |
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Is promotion of international trade agreements a good thing for US agriculture? | |
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Has NAFTA been good or bad for US farm producers and consumers? | |
Other Resources and Internet Links | ||
![]() | 2002 US Farm Bill: provisions and implications for commodity markets | |
![]() | Patterns of US Government payments | |
![]() | Conservation and environmental policy | |
![]() | Food and Agricultural Policy: taking stock for the 21st Century | |
![]() | Decoupled payments: implications and importance [pdf] | |
![]() | Analysis of commodity loan programs and marketing loan provisions | |