Market loss payments is a designation first used in the Omnibus Consolidated and Emergency Appropriations Act, FY1999 (P.L. 105-277) to describe the $3.1 billion in emergency income support payments authorized for eligible grain, cotton, and dairy farmers. The Act stated that such funds were to compensate farmers for the loss of 1998 income caused by “regional economic dislocation, unilateral trade sanctions, and the failure of the government to pursue trade opportunities aggressively.” Similar economic emergency support payments for selected commodities were subsequently enacted in P.L. 106-78 ($6.5 billion), in P.L. 106-224 ($6.5 billion), in P.L. 106-387 ($0.9 billion), and in P.L. 107-25 ($5.5 billion). Market loss assistance to grain and cotton producers were distributed in parallel manner to the contract payments authorized by the Agricultural Market Transition Act.
market, loss, payments, designation, first, used, omnibus, consolidated, emergency, appropriations, fy1999, describe, billion, emergency, income, support, payments, authorized, eligible, grain, cotton, dairy, farmers, stated, that, such, funds, were, compensat. Market loss payments is a designation first used in the Omnibus Consolidated and Emergency Appropriations Act FY1999 P L 105 277 to describe the 3 1 billion in emergency income support payments authorized for eligible grain cotton and dairy farmers The Act stated that such funds were to compensate farmers for the loss of 1998 income caused by regional economic dislocation unilateral trade sanctions and the failure of the government to pursue trade opportunities aggressively Similar economic emergency support payments for selected commodities were subsequently enacted in P L 106 78 6 5 billion in P L 106 224 6 5 billion in P L 106 387 0 9 billion and in P L 107 25 5 5 billion Market loss assistance to grain and cotton producers were distributed in parallel manner to the contract payments authorized by the Agricultural Market Transition Act See also editApple Market Loss Assistance Program Dairy Market Loss Assistance Onion market loss assistanceReferences edit nbsp This article incorporates public domain material from Jasper Womach Report for Congress Agriculture A Glossary of Terms Programs and Laws 2005 Edition PDF Congressional Research Service Retrieved from https en wikipedia org w index php title Market loss payments amp oldid 886985245, wikipedia, wiki, book, books, library,
