Farmer Owned Reserve Restoration Act of 1999

Summary

TABLE OF CONTENTS: Title I: Farmer Owner Reserve Program Title II: Other Provisions Farmer Owned Reserve Restoration Act of 1999 - Title I: Farmer Owner Reserve Program - Amends the Agricultural Market Transition Act to restore the wheat and feed grain (and oilseeds) farmer owned reserve program. (Eliminates the provision suspending the program for such producers through crop or calendar year 2002.) (Sec. 102) Amends the Agricultural Act of 1949 with respect to the program to: (1) include oilseeds; (2) revise extended price support loan interest charge provisions; (3) permit advance storage payments and revise storage loan termination provisions; (4) reduce maximum wheat and feed grain amounts and establish oilseed amounts; and (5) set forth prices (compared to loan rates) at which, and conditions under which, a producer may withdraw stored commodities. Title II: Other Provisions - Amends the Agricultural Market Transition Act to increase the term of marketing assistance loans. (Sec. 202) Directs the Commodity Credit Corporation to make loans for construction or remodeling of storage facilities for: (1) dry or high moisture grain, soybeans, and rice; and (2) high moisture forage and silage.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 4 August 1999

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• Introduced in House (PDF)

  Introduced in House · EN · 4 August 1999

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• Introduced in House

  summary · EN · 4 August 1999

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