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Fruit and vegetable crops are not eligible for subsidies. [39] Corn was the top crop for subsidy payments prior to 2011. The Energy Policy Act of 2005 mandated that billions of gallons of ethanol be blended into vehicle fuel each year, guaranteeing demand, but US corn ethanol subsidies were between $5.5 billion and $7.3 billion per year ...
The agricultural policy of the United States is composed primarily of the periodically renewed federal U.S. farm bills. The Farm Bills have a rich history which initially sought to provide income and price support to US farmers and prevent them from adverse global as well as local supply and demand shocks.
Over the past 30 years, the federal government has given an estimated $45 billion to the corn industry to help support ethanol production. In 2011 alone, those subsidies totaled about $6 billion ...
Instead, the government began requiring farmers to enroll in a crop insurance program in order to receive farm payments. 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]
Further, corn production for ethanol is increasingly taking place in areas requiring irrigation. [158] A 2008 study by the National Research Council concluded that "in the longer term, the likely expansion of cellulosic biofuel production has the potential to further increase the demand for water resources in many parts of the United States ...
The Agricultural Adjustment Act (AAA) was a United States federal law of the New Deal era designed to boost agricultural prices by reducing surpluses. The government bought livestock for slaughter and paid farmers subsidies not to plant on part of their land. The money for these subsidies was generated through an exclusive tax on companies that ...
Biofuels groups are eager for clarity on the tax credits for fuels that combat climate change, which they hope will ultimately provide a pathway for corn-based ethanol to expand its market as a ...
The Agricultural Act of 2014 [1] (also known as the 2014 U.S. Farm Bill, formerly the Federal Agriculture Reform and Risk Management Act of 2013) is an act of Congress that authorizes nutrition and agriculture programs in the United States for the years of 2014–2018. [2]