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October 2: Rep. Larry Combest (R-TX), farm bill sponsor, threatens to pull the bill if it is amended. October 3: Rep. Leonard Boswell (D-IA), proposes shifting $650 million to ethanol, amendment fails. October 4: Kind amendment falls 26 votes short, fails. October 5: 10 year, $73 billion farm bill increase passes in the House of Representatives.
The first farm bill of the new millennium was the Farm Security Act of 2002, which was signed into law on May 13, 2002. [23] Some of the bill's major changes in comparison to the 1996 bill include an alteration of the farm payment program and the introduction of counter-cyclical farm income support.
The Rural Business Investment Program, established by the 2002 farm bill, (P.L. 107–171, Sec. 6029), guarantees the funds raised by companies that make equity investment in rural businesses, with an emphasis on smaller businesses.
Farm Bill of 2002. Add languages. Add links. Article; Talk; ... Download QR code; Print/export Download as PDF; Printable version; From Wikipedia, the free encyclopedia.
Biotechnology and Agricultural Trade Program — The 2002 farm bill (P.L. 107-171 Sec. 3204) authorizes appropriations of up to $6 million annually for technical assistance and public and private sector project grants to remove or mitigate significant foreign regulatory nontariff barriers to U.S. exports involving: agricultural commodities produced through biotechnology.
The Farmers Market Promotion Program is a United States Department of Agriculture (USDA) program established by the 2002 farm bill (P.L. 107–171, Sec. 10605) to improve or expand existing farmers' markets, roadside stands, community-supported agriculture programs, and other direct producer-to-consumer market opportunities, and to develop or aid in the development of new farmers’ markets, etc.
The good-faith provisions, enacted in the 2002 farm bill (P.L. 107–171, Sec. 1613), allow the USDA to forgive a participant from the loss of commodity and conservation program benefits when it is determined that the participant either tried but failed to fully comply with program requirements, or relied on faulty (incorrect) advice from the USDA.
The farm bill also established a Milk Income Loss Contract (MILC) program that makes direct payments to participating dairy farmers whenever the minimum monthly market price for farm milk used for fluid consumption in Boston falls below $16.94 per hundredweight (cwt.). The MILC program has been reauthorized until September 30, 2012.