Farm Bill Timeline AGEC 110

By rhwalston

  • Agricultural Adjustment Act

    Agricultural Adjustment Act
    Federal law designed to relieve national economic emergency by increasing agricultural purchasing power, raise revenue for extraordinary expenses incurred by reason of such emergency, provide emergency relief with respect to agricultural indebtedness, provide for the orderly liquidation of joint stock-land banks, and for other purposes.
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  • Commodity Credit Corporation (CCC)

    The Commodity Credit Corporation (CCC) is a
    government-owned and operated entity that was
    created to stabilize, support, and protect
    farm income and prices.
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  • Dairy Export Incentive Program

    The Dairy Export Incentive Program (DEIP) offers subsidies to exporters of U.S. dairy products to help them compete with other nations. DEIP removed nonfat dry milk, butterfat, and certain cheeses from the domestic market and helped develop export markets. USDA pays cash to exporters as bonuses to help them sell certain U.S. dairy products at prices below the exporter’s cost of acquiring them. The program was originally authorized by the Food Security Act of 1985

  • Food Security Act of 1985

    Food Security Act of 1985
    Milk Price Support and Producer-Supported Dairy Program. Sets milk price support levels for next several years. Reduces milk prices. Authorizes milk diversion or milk production termination programs. Furthers dairy research and promotion programs. Continued commodity provisions programs.
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  • Food, Conservation, and Energy Act of 2008

    Food, Conservation, and Energy Act of 2008
    More complex than previous farm bill legislation. Most substantial changes with nutrition programs, increased the amount of food assistance and school lunch benefit to current program participants. Introduced a new optional commodity program (called ACRE) for producers of major commodities.

  • ACRE (Average Crop Revenue Election)

    ACRE (Average Crop Revenue Election)
    The ACRE Program provides producers an option to protect against declines in market revenue. The ACRE Program involves state and farm revenue changes from guarantee revenue levels that are based on national prices, state planted yields, and farm planted yields.
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