What is in this article?:
- Key provisions of farm bill extension
- Key provisions of the farm bill extension
- The American Taxpayer Relief Act includes a provision to extend most of the provisions of current farm law for 2013. However, a number of programs that expired in 2011 and 2012 were not extended and new dairy policy was not included.
Key provisions of the farm bill extension
· Suspension of permanent law and the extension of most provisions of current farm policy based on what was in effect on Sept. 30, ’12;
· Direct payments, marketing assistance loans and the counter-cyclical program will continue to be available for ’13 crops on the same basis as the ’12 crops;
· Market Access Program (MAP) and Foreign Market Development (FMD) are re-authorized at ’12 levels. MAP is mandatory funding but FMD is subject to appropriations;
· The 37 programs which expired in ’11 or ’12 and subsequently lost their baseline are not funded. These include the SURE program and Wetlands Reserve Program;
· The MILC program is extended;
· The Conservation Reserve Program enrollment cap is maintained at 32 million acres; and
· Authorization of selected disaster assistance programs which are subject to appropriations: $80 million for livestock indemnity payments; $400 million for the livestock forage disaster program; $50 million for emergency assistance for livestock, honey bees, and farm-raised fish; and $20 million for trees assistance.