S.1706 - Wheat Counter-Cyclical Payments Enhancement Act

A bill to amend the Farm Security and Rural Investment Act of 2002 to authorize the Secretary of Agriculture to consider variations in the national average market price for different classes of wheat when determining the eligibility of wheat producers for counter-cyclical payments for the 2007 crop year. view all titles (2)

All Bill Titles

  • Official: A bill to amend the Farm Security and Rural Investment Act of 2002 to authorize the Secretary of Agriculture to consider variations in the national average market price for different classes of wheat when determining the eligibility of wheat producers for counter-cyclical payments for the 2007 crop year. as introduced.
  • Short: Wheat Counter-Cyclical Payments Enhancement Act as introduced.

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06/27/07
 
 
 
 
 
 
 

Official Summary

Wheat Counter-Cyclical Payments Enhancement Act - Amends the Farm Security and Rural Investment Act of 2002 to authorize the Secretary of Agriculture to consider national average market price variations for different classes of wheat when determining wheat producer eligibility for 2007 coun

Official Summary

Wheat Counter-Cyclical Payments Enhancement Act - Amends the Farm Security and Rural Investment Act of 2002 to authorize the Secretary of Agriculture to consider national average market price variations for different classes of wheat when determining wheat producer eligibility for 2007 counter-cyclical payments. States that in calculating a separate effective price for a class of wheat the effective price shall equal the sum of:
(1) the higher of the national average market price received by producers during the 12-month marketing year, or the national average loan rate during that period; and
(2) the direct wheat payment rate.

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