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The Farm Security and Rural Investment Act of 2002, also known as the 2002 Farm Bill, includes ten titles, addressing a great variety of issues related to agriculture, ecology, energy, trade, and nutrition. This act has been superseded by the 2007 U.S. Farm Bill.
The 1981 farm bill involved only small changes and continued the policy of restricting supply rather than increasing demand. The 1984 budget proposal was designed to cut subsidies rather than reform the system, but Congress rejected it. Instead, Congress continued the same policies in the 1985 farm bill, which Reagan reluctantly signed.
The McGovern-Dole International Food for Education and Child Nutrition Program (IFEP) is a food aid program authorized in the Farm Security and Rural Investment Act of 2002 (P.L. 107–171, Sec. 3107, known as the 2002 Farm Bill) which provides for the donation of U.S. agricultural commodities and associated financial and technical assistance to carry out preschool and school feeding programs ...
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 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 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.
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 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.