Farm Security Act of 1995

TABLE OF CONTENTS:

Title I: Commodity Programs

Title II: Conservation

Farm Security Act of 1995 - Title I: Commodity Programs - Amends the Agricultural Act of 1949 (Act) to direct the Secretary of Agriculture (Secretary) to establish an Adjustment Account to make payments to wheat and feed grain producers participating in the revised marketing loan program established by this Act and the current marketing loan program.

Sets forth revised programs for 1996 through 2002 marketing loans and loan deficiency payments. Requires cost limitations if such programs' costs exceed a specified level.

(Sec. 103) Provides for: (1) single crop acreage base for wheat, feed grains, and oilseeds; and (2) crop acreage bases for cotton and rice.

(Sec. 104) Amends the Food Security Act of 1985 to: (1) revise and extend certain program payment limitations; and (2) replace the three-entity rule (consideration as separate entities for limitations purposes) with a direct attribution rule (based upon ownership percentage).

(Sec. 105) Amends the Act to suspend oilseed, wheat, and feed grain price supports through 2002.

(Sec. 106) Extends the following provisions: (1) supplemental set-aside and acreage limitation authority; (2) deficiency and land diversion payments; (3) acreage base and yield system; (4) payment limitations; (5) adjustment of established and support prices; (6) normally planted acreage; (7) food security wheat reserve; and (8) National Agricultural Cost of Production Standards Review Board.

Title II: Conservation - Amends the Food Security Act of 1985 to establish an environmental quality incentives program which shall combine into a single program the functions of: (1) the agricultural conservation program; (2) the Great Plains conservation program; (3) the water quality incentives program; and (4) the Colorado River Basin salinity control program. Sets forth minimum funding levels.

Directs the Secretary to designate watersheds or regions of special environmental sensitivity as conservation priority areas. Sets forth program provisions.