Farm Economy Revival Act of 1987

Summary

Farm Economy Revival Act of 1987 - Amends the Agricultural Act of 1949 to establish marketing loans for the 1987 through 1990 crops of wheat, feed grains, soybeans, and sunflowers. Sets 1987 through 1990 corn target prices at: (1) $2.88 per bushel for 1987; (2) $2.82 per bushel for 1988; (3) $2.74 per bushel for 1989; and (4) $2.61 per bushel for 1990. Sets 1987 through 1990 soybean target prices at between $4.25 per bushel and $4.58 per bushel. Establishes price supports for the 1988 through 1990 sunflower crops. Amends the Food Security Act of 1985 to: (1) exclude wheat, feed grains, and soybeans from being considered agricultural commodities for purposes of the targeted export assistance and the export enhancement programs; (2) reduce the minimum amount of available credit guarantees under the export credit guarantee program; and (3) increase the permitted organization fees under such program.

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1 official file

• Introduced in Senate

  summary · EN · 6 March 1987

  Open at official source

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