Agriculture

Price Loss Coverage Payments

PLC provides crop price support payments primarily to agricultural producers of corn, soybeans, wheat, rice, other oilseeds, peanuts, and pulse crops. If a crop price falls below a government-set minimum price, a subsidy payment is made. Payments are reduced on an acre-by-acre basis for producers who choose to grow fruits, vegetables, or wild rice that […]

Continue Reading »

Marketing Assistance Loans

The Agricultural Act of 2014 (Farm Bill) reauthorized marketing assistance loans from the Commodity Credit Corporation (CCC) for major agricultural commodities such as wheat, corn, soybeans, grain sorghum, barley, oats, and peanuts. Marketing loans provide interim financing for producers at harvest time when market prices are low, meaning taxpayers subsidize the storage of crops until […]

Continue Reading »

Market Access Program (MAP)

Since 1978, MAP has subsidized overseas advertising campaigns, product demonstrations, promotions, and exhibitions for U.S. agribusinesses and trade associations. The market promotion program is administered by the U.S. Department of Agriculture’s Foreign Agricultural Service (FAS). While MAP no longer directly benefits individual companies such as McDonalds and Nabisco, it indirectly subsidizes many of these same […]

Continue Reading »

Foreign Market Development Program

The Foreign Market Development Program promotes export of agricultural products by funding activities including trade promotion, market research, and technical assistance to actual or potential foreign purchasers of U.S. commodities. The Foreign Agricultural Service (FAS) enters into agreements with agricultural trade associations and commodity organizations to promote trade.

Continue Reading »

Environmental Quality Incentives Program (EQIP)

EQIP provides technical assistance, cost-share payments, and other incentive payments to assist crop and livestock producers with environmental and conservation improvements on agricultural land used. The 2008 Farm Bill removed the limitation on the number of animals a producer could have and still qualify for EQIP, enabling many large-scale producers of Concentrated Animal Feeding Operations […]

Continue Reading »

Crop Insurance

Taxpayer-subsidized crop insurance is now the largest federal support for agriculture, costing taxpayers on average more than $8 billion annually, and as much as $14.1 billion in FY12. Though called “insurance,” it does not operate like insurance that most Americans purchase. That’s because the government typically pays 100 percent of the premiums for basic catastrophic […]

Continue Reading »

Agricultural Risk Coverage (County and Individual)

ARC is a “shallow loss” agribusiness income guarantee program created in the 2014 farm bill. Producers of major commodity crops such as wheat, corn, soybeans, grain sorghum, barley, oats, and rice may choose county-based or individual coverage. County-based ARC insurance provides payment to farmers when crop revenue falls below the “ARC county guarantee.” The guaranteed […]

Continue Reading »