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A bill to amend the Agricultural Market Transition Act to permit a producer to lock in a loan deficiency payment rate for a portion of a crop.

Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Official summary

Version 00 · Introduced in Senate · Mar 30, 2000

Amends the Agricultural Market Transition Act to provide an alternative loan deficiency payment computation permitting producers to lock in a rate of up to 85 percent of the loan commodity (yield) from the date that the Secretary of Agriculture determines that a fall- or spring-planted commodity is beginning to be harvested until producers begin harvesting such commodity.States that payments shall be received after: (1) harvest of the total quantity of the loan commodity; and (2) receipt of related documentation by the Secretary.

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Who introduced it

Sen. Grams, Rod [R-MN] · R–MN

Committees

  • Agriculture, Nutrition, and Forestry Committee
0 cosponsorship records, including any withdrawals

    Actions

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    1. Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

    2. Sponsor introductory remarks on measure. (CR S1990)

    3. Introduced in Senate

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