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Glenn William "GT" Thompson Jr. (born July 27, 1959) [citation needed] is an American politician serving as the U.S. representative for Pennsylvania's 15th congressional district since 2019.
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In United States federal agriculture legislation, the Agricultural Act of 1970 (P.L. 91-524) initiated a significant change in commodity support policy. [1]This 3-year farm bill replaced some of the more restrictive and mandatory features of previous law (acreage allotments, planting restrictions, and marketing quotas) with voluntary annual cropland set-asides and marketing certificate ...
The Agriculture and Consumer Protection Act of 1973 (P.L. 93-86, also known as the 1973 U.S. Farm Bill) was the 4-year farm bill that adopted target prices and deficiency payments as a tool that would support farm income but reduce forfeitures to the Commodity Credit Corporation (CCC) of surplus stocks.
Loan deficiency payments are available under the 2002 farm bill (P.L. 101-171, Sec. 1205) for wheat, corn, grain sorghum, barley, oats, upland cotton, rice, soybeans, other oilseeds, wool, mohair, honey, dry peas, lentils, and small chickpeas. [1] Producer Option Payment (POP) is the original name for the loan deficiency payment (LDP). This ...
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Also, provisions exist to treat spouses separately as persons. For covered commodities, the 2002 farm bill (P.L. 107-171, Sec. 1603) sets limits at $40,000 per person per fiscal year on fixed, decoupled direct payments, and $65,000 per person per year on counter-cyclical payments. Separately, peanuts have the same limits.