Farm Crisis Act of 1982

Summary

Farm Crisis Act of 1982 - Title I: Land Diversion Payments for 1982 Crops of Wheat, Feed Grains, Cotton, and Rice - Directs the Secretary of Agriculture to set 1982 land diversion levels at: (1) $2.00 per bushel for wheat; (2) $1.25 per bushel for corn; (3) $.20 per pound for upland cotton; and (4) $2.20 per hundredweight for rice. Permits 1982 participants to divert an additional five percent of their acreage. Extends the application period through the end of the certification period. Title II: Acreage Limitation and Cropland Conservation Programs for 1983 through 1985 Crops - Directs the Secretary to proclaim a national cropland conservation program for 1983 through 1985 crop years. Provides that: (1) such program shall be approved or disapproved by a producer referendum; (2) participants will set aside 15 percent of their acreage for conservation purposes; (3) noncompliance shall result in a three-year denial of specified farm benefits; and (4) loan rates shall increase by ten percent when such program is in effect. Requires the Secretary to establish a voluntary set-aside program (based on specified carry-over levels) for the 1983 through 1985 wheat, feed grain, and upland cotton crops if cropland conservation programs are disapproved. Makes conforming amendments. Title III: Farm Storage Facility Loan Program - Amends the Commodity Credit Corporation Charter Act to direct the Commodity Credit Corporation (CCC) to guarantee up to $250,000,000 annually (not more than 90 percent of any one loan to be guaranteed) for grower-harvested grain storage facility loans. Title IV: Barter of Agricultural Commodities for Strategic and Critical Materials and Petroleum Products - Authorizes the CCC to exchange agricultural products for oil for the Strategic Petroleum Reserve. Requires the Secretary to report to Congress regarding CCC foreign products bartering. Title V: Emergency Agricultural Credit - Amends the Emergency Agricultural Credit Adjustment Act of 1978 to make the economic emergency loan program mandatory. Extends such program through FY 1983. Lowers the limit on individual loans: (1) under such Act; and (2) under such Act and the Consolidated Farm and Rural Development Act combined. Title VI: Agricultural Exports - Expresses the sense of the Congress that: (1) $1,000,000,000 should be made available to the Agricultural Export Credit Revolving Fund; and (2) the Secretary should conclude a grain agreement with the Soviet Union. Title VII: White House Conference on Agriculture - Expresses the sense of the Congress that the President should convene a White House Conference on Agriculture within one year. Requires a conference report to the President and Congress.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 11 May 1982

   Introduced

   Read twice and referred to the Committee on Agriculture.

   Source: IntroReferral

2. 11 May 1982

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 2 June 1982

   Committee

   Committee on Agriculture requested executive comment from Agriculture Department.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 11 May 1982

  Open at official source

Sponsors

• Rep. Baucus, Max [D-MT-1] · D · Sponsor
• Sen. Exon, J. James [D-NE] · D · Sponsor
• Rep. Pressler, Larry [R-SD-1] · R · Cosponsor
• Sen. Hart, Gary W. [D-CO] · D · Cosponsor
• Sen. Boren, David L. [D-OK] · D · Cosponsor
• Sen. Sasser, Jim [D-TN] · D · Cosponsor
• · ssaf00 · Standing

Related records

• related to → Farm Crisis Act of 1982