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UNITED STATES

THE 1996 UNITED STATES FARM ACT INCREASES MARKET ORIENTATION

Pressure for reform

United States farm programmes altered

General impacts of the new legislation

Conclusions


50 The provisions of the FAIR Act are summarized and compared with previous law in E. Young and D.A. Shields. 1996. 1996 FAIR Act frames farm policy for seven years. Agricultural Outlook Supplement, Economic Research Service, United States Department of Agriculture (USDA), April 1996.

51 Farmers or processors may pledge a quantity of a commodity as collateral and obtain a loan from the Commodity Credit Corporation (CCC). The borrower may repay the loan with cash or forfeit the commodity to CCC (the government has no alternative but to accept the commodity as payment).

52 The government provides funds for export market promotion. Participating organizations include non-profit agricultural trade organizations, regional trade groups and private companies.


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