Farm Risk Management Act for the 21st Century

A bill to direct the Secretary of Agriculture to establish a program to provide to agricultural operators and producers a reserve to assist in the stabilization of farm income during low-revenue years, to assist operators and producers to invest in value-added farms, to promote higher levels of environmental stewardship, and for other purposes.

5/17/2007--Introduced.
Farm Risk Management Act for the 21st Century - Directs the Secretary of Agriculture to contract with eligible operators and producers (risk management account contracts) to:
(1) provide a reserve to assist in the stabilization of farm income during low-revenue years;
(2) assist operators and producers to invest in value-added farms; and
(3) recognize high levels of environmental stewardship. Sets forth risk management account contract provisions, including:
(1) administration;
(2) direct payments;
(3) stewardship payments;
(4) account transfers; and
(5) tax treatment. Extends counter-cyclical payments. Amends the Farm Security and Rural Investment Act of 2002 to:
(1) replace current national dairy market loss payment provisions with dairy payment provisions through FY2012;
(2) revise and extend funding authority for the McGovern-Dole international food for education and child nutrition program;
(3) extend funding for testing of biobased products for the federal biobased procurement program;
(4) revise and extend the biorefinery development program;
(5) revise and extend the rural renewable energy development program; and
(6) replace current renewable and energy systems and energy improvements provisions with the rural energy for America program (funds through FY2014). Establishes a recourse loan program for each loan commodity through crop year 2014. Amends the Food Security Act of 1985 to extend:
(1) the wetlands reserve program and increase maximum program acreage enrollment;
(2) the environmental quality incentives program;
(3) the conservation innovation grants program; and
(4) the ground and surface water conservation program. Increases grassland reserve program maximum acreage enrollment. Extends authority to use Commodity Credit Corporation funds and facilities to carry out specified conservation-related programs. Amends the Food Stamp Act of 1977 with respect to:
(1) combat pay and retirement account exclusions;
(2) standard deduction increases;
(3) child care deduction limits;
(4) state cost-sharing during natural disasters;
(5) minimum benefits;
(6) program reauthorization;
(7) program administration;
(8) cash payment pilot projects;
(9) block grants for Puerto Rico and American Samoa;
(10) the commodity distribution program;
(11) outreach grants;
(12) the emergency food assistance program; and
(13) community food projects. Establishes a community food assistance and food bank infrastructure grant program for eligible emergency feeding organizations. Amends the Richard B. Russell National School Lunch Act to extend:
(1) the fruit and vegetable program; and
(2) the farm to school program. Directs the Secretary of Transportation to offer to enter into a contract or grant agreement with a primary nongovernmental organization to establish the National Food for the Hungry Transportation Fund to track, collect, and deliver time-sensitive food products. Extends:
(1) the forest land enhancement program;
(2) the healthy forests reserve program;
(3) the biomass research and development program;
(4) the federal crop insurance adjusted gross revenue insurance pilot program;
(5) the farmers' market promotion program; and
(6) the fruit and vegetable nutrition promotion program.

... morehide bill summarySee Full Bill Text

Sponsor

• Sen. Richard Lugar [R, IN]

Committees

• Senate Finance

Amendments

This bill has no amendments.

Amendments to S.1422

Number	Status	Purpose

Bill Status

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Introduced		Voted on by Senate		Voted on by House		Considered By President		Bill Becomes Law
May 17, 2007

Show All Actions (3 actions)Hide Actions

All Bill Actions

• May 17, 2007: Read twice and referred to the Committee on Finance.
• May 17, 2007: Sponsor introductory remarks on measure. (CR S6301-6302)
• Introduced on May 17, 2007.

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Related Bills:

• S.2242

Related Issue Areas:

• Agriculture
• Acreage allotments
• Agricultural conservation
• Agricultural credit
• 54 more
• Agricultural subsidies
• Alternative energy sources
• American Samoa
• Biomass energy
• Block grants
• Budgets
• Child nutrition
• Children
• Crop insurance
• Dairy industry
• Dairy products
• Day care
• Disaster relief
• Education
• Elementary and secondary education
• Emergency management
• Energy
• Energy crops
• Energy research
• Environmental protection
• Farm income
• Farm lands
• Finance
• Food
• Food relief
• Food stamps
• Foreign aid
• Foreign policy
• Forest conservation
• Fruit
• Government procurement
• Groundwater
• Income tax
• Individual retirement accounts
• International affairs
• International relief
• Marketing of farm produce
• Military pay
• Natural resources
• Nongovernmental organizations
• Nutrition
• Pensions
• Public contracts
• Puerto Rico
• Range management
• Research and development
• School lunch program
• Science policy
• State and local government
• Taxation
• Vegetables
• Water conservation
• Water resources
• Welfare

Data from the Congressional Research Service

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Blog Coverage

October 02, 2008 Ridley-Thomas Introduces Congestion Pricing Legislation

Locked in a tight battle for the Board of Supervisors seat held by Yvonne Burke with City Councilman Bernard Parks, State Senator Mark Ridley Thomas may have taken a risk by introducing S. 1422, the enabling legislation that will allow ...

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Source: Streetsblog

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September 11, 2007 Simplifying and taking action on the Food and Farm Bill

Lugar’s Farm Risk Management Act for the 21st Century (S. 1422). It’s not too late to contact your senators. With the bill due to be considered in the next few weeks, a phone call or fax is best (letters might be held up by security ...

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Source: The Ethicurean: Chew the right thing.

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May 16, 2007 Bill Action: Introduced: S. 1422: A bill to direct the Secretary ...

Richard Lugar [R-IN] introduced S. 1422: A bill to direct the Secretary of Agriculture to establish a program to provide to agricultural operators and producers a reserve to assist in the stabilization of farm income during low-revenue ...

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Source: Introduced Legislation -- Monitored by GovTrack.us

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