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Direct and Counter-Cyclical Program

rural-development · Commodity Credit Corporation · Rule · Published 2002-10-21 · 67 FR 64748

Document

Document number
02-26692
Federal Register citation
67 FR 64748
CFR reference
7 CFR 1405
Type
Rule
Action
Final rule.
Category
rural-development
Sub-agency
Commodity Credit Corporation
Publication date
2002-10-21

Abstract

This rule implements the provisions of the Farm Security and Rural Investment Act of 2002 (the 2002 Act) regarding direct and counter-cyclical payments for the crop years 2002 through 2007. These payments provide income support to producers of eligible commodities and are based on historically-based acreage and yields and do not depend on the current production choices of the farmer. They replace the Production Flexibility Contract (PFC) payments made under the Federal Agriculture Improvement and Reform Act of 1996 for the crop years 1996 through 2002. In addition to the commodities that were eligible for PFC payments, the 2002 Act also provides for direct and counter-cyclical payments for peanuts, soybeans, sunflower seed and other oilseeds.

Source

Authoritative
Federal Register document
Machine
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