To reduce target prices for wheat, feed, grains, rice, and cotton, to provide for the determination of deficiency payments and marketing loans of these crops, to abandon the use of acreage reduction programs regarding these crops, to prohibit the provision of deficiency payments for acreage diverted from these crops, to impose income limitations on participation in programs regarding these crops, and to limit Commodity Credit Corporation outlays on behalf of these crops.
Farm Freedom Act of 1995 - Extends and reduces target prices for wheat, feed grains (corn, oats, grain sorghums, barley), rice, and cotton. Eliminates deficiency payments and marketing loans for such crops beginning with crop year 2001.
Eliminates acreage reduction programs and 0-85 and 50-85 programs beginning with crop year 1999.
Amends the Food Security Act of 1985 to: (1) impose specified income limitations on price support program participation; and (2) reduce producer deficiency and acreage diversion payments.
Sets forth Commodity Credit Corporation deficiency payment budgetary limitations.
Expresses the sense of the Congress against the use of U.S. agricultural commodities in trade embargoes, except for cases of state-supported terrorism.
Directs the Secretary of Agriculture to report on the feasibility of agricultural producer private revenue insurance.
Introduced in House
Introduced in House
Referred to the House Committee on Agriculture.
Referred to the Subcommittee on General Farm Commodities.
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