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These purchase prices are set high enough to enable dairy processors to pay farmers at least the support price for the milk they use in manufacturing these products. The 2002 farm bill (P.L. 107-171, Sec. 1501) mandated a support price of $9.90/ cwt , effective through December 31, 2007, when the program by law was scheduled to expire.
The US Department of Health and Human Services and the US Department of Agriculture announced on Friday a new plan to pay dairy farmers and farm workers to take steps to prevent the spread of H5N1 ...
The money for these subsidies was generated through an exclusive tax on companies that processed farm products. The Act created a new agency , the Agricultural Adjustment Administration, also called "AAA" (1933–1942), an agency of the U.S. Department of Agriculture , to oversee the distribution of the subsidies.
Milk Income Loss Contract (MILC) Payments is the name given by USDA to the dairy farmer counter-cyclical payments program, authorized by the 2002 farm bill (P.L. 107-171, Sec. 1502, 7 U.S.C. 7982). Under the program, dairy farmers nationwide are eligible for a federal payment whenever the minimum monthly market price for farm milk used for ...
The USDA will offer $98 million to affected farms over the next four months, which could equate to as much as $28,000 per farm, Vilsack said. Jetelina called the program “a fantastic step” but ...
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This led to years of the highest farm subsidies in American history. [15] Direct payments also began in the late 1990s as a way to support struggling farmers, regardless of crop output. [17] These payments allowed grain farmers to receive a government check every year based on yields and acreage of the farm as recorded the previous decade. [15]
The federal government is projected to issue record subsidies to farmers across America this year. The cash has been a boon to a significant part of President Donald Trump's rural base ...