Agricultural programs (61 - 70 of 457 items)
Farm Programs: Changes to the Marketing Assistance Loan Program Have Had Little Impact on Payments
GAO-01-964: Published: Sep 28, 2001. Publicly Released: Nov 5, 2001.
Under the Department of Agriculture's (USDA) Marketing Assistance Loan Program, the federal government accepts harvested crops as collateral for interest-bearing loans (marketing assistance loans) that are typically due in nine months. When market prices drop below the loan rate (the loan price per pound or bushel), the government allows farmers to repay the loan at a lower rate and retain ownersh...
Peanut Program: Potential Effects of Proposed Farm Bill on Producers, Consumers, Government, and Peanut Imports and Exports
GAO-01-1135R: Published: Sep 26, 2001. Publicly Released: Sep 26, 2001.
The current federal peanut program, administered by the U.S. Department of Agriculture, is designed to support producers' incomes while ensuring an ample supply of domestically produced peanuts. To achieve these goals, the program controls the domestic supply of peanuts and guarantees producers a minimum price for their crops. This price substantially exceeds the price for peanuts in world markets...
Dairy Industry: Estimated Economic Impacts of Dairy Compacts
GAO-01-866: Published: Sep 14, 2001. Publicly Released: Sep 14, 2001.
U.S. dairy farmers produced 167.7 billion pounds of unprocessed, raw milk in 2000. Federal and state dairy programs influence the minimum prices paid to farmers for raw milk. These prices are based on how the raw milk is to be used. Minimum prices set for raw milk to be used for making drinking milk (fluid milk) are higher than those for milk used for manufacturing cheese, butter, and other dair...
Farm Programs: Information on Recipients of Federal Payments
GAO-01-606: Published: Jun 15, 2001. Publicly Released: Jul 17, 2001.
Payments to farmers under federal farm programs have reached an historic high--over $20 billion in fiscal year 2000. Nearly half of U.S. farms are receiving payments for income or price support purposes and/or for engaging in activities such as land conservation. These payments, in total, made up almost one-half of net farm income in fiscal year 2000. Despite the annual influx of billions of feder...
Farm Loan Programs: Improvements in the Loan Portfolio but Continued Monitoring Needed
GAO-01-732T: Published: May 16, 2001. Publicly Released: May 16, 2001.
This testimony discusses the Department of Agriculture's (USDA) farm loan programs, which are run by the Farm Service Agency (FSA). GAO (1) provides an overview of the financial condition of FSA's farm loan portfolio as of September 30, 2000 and (2) explains its decision to remove the farm programs from its high-risk list. GAO found that FSA had more than $16.6 billion in outstanding farm loans as...
Farm Service Agency: Updated Status of the Multibillion-Dollar Farm Loan Portfolio
GAO-01-202: Published: Jan 10, 2001. Publicly Released: Jan 10, 2001.
The Farm Service Agency (FSA) within the Department of Agriculture provides financial assistance to farmers and ranchers who are unable to obtain commercial credit at reasonable rates and terms. FSA provides direct government-funded loans and repayment guarantees on farm loans made by commercial lenders. During the 1990s, GAO issued a series of reports highlighting the substantial financial risk a...
FCIC: Catastrophic Risk Protection Endorsement--Regulations for the 1999 and 2000 Succeeding Crop Years
OGC-00-44: Published: Jul 19, 2000. Publicly Released: Jul 19, 2000.
Pursuant to a legislative requirement, GAO reviewed the Federal Crop Insurance Corporation's (FCIC) new rule on crop insurance policies. GAO noted that: (1) the new rule would implement the changes to the crop insurance policies mandated by the Agricultural Risk Protection Act of 2000; and (2) FCIC complied with applicable requirements in promulgating the rule...
Farm Programs: Observations on Market Loss Assistance Payments
RCED-00-177R: Published: Jun 30, 2000. Publicly Released: Jun 30, 2000.
Pursuant to a congressional request, GAO provided information on the financial assistance to farmers called Market Loss Assistance (MLA), focusing on how MLA payments would have changed if they had been based on current-year planting information instead of the current funding formula.GAO noted that: (1) if MLA payments had been based on current-year planting information instead of historical data,...
Department of Agriculture, Commodity Credit Corporation: Agricultural Disaster and Market Assistance
OGC-00-36: Published: Jun 21, 2000. Publicly Released: Jun 21, 2000.
Pursuant to a legislative requirement, GAO reviewed the Commodity Credit Corporation's (CCC) major rule on the distribution of Agricultural Disaster and Market Assistance. GAO noted that: (1) the interim and final rules, in part, implement statutory provisions related to cottonseed market loss, a competitiveness program for extra long staple cotton, warehouse-stored tobacco loss assistance, pastur...
Sugar Program: Supporting Sugar Prices Has Increased Users' Costs While Benefiting Producers
RCED-00-126: Published: Jun 9, 2000. Publicly Released: Jun 9, 2000.
Pursuant to a congressional request, GAO estimated the Department of Agriculture's (USDA) sugar program's: (1) costs to domestic sweetener users; (2) benefits to domestic sugar and high-fructose corn syrup producers; and (3) net effects on the U.S. economy--the differences between the costs to users and the benefits to producers that result from artificially high sweetener prices.GAO noted that: (...