To provide a safety net for farmers and consumers, to promote the development of farmer-owned value added processing facilities, and for other purposes.
Family Farm Safety Net Act of 1998 - Amends the Agricultural Market Transition Act to revise marketing assistance loan formula ceilings for wheat, corn (feed grains), upland and extra long staple cotton, and soybeans and other oilseeds.
Authorizes six-month loan extensions.
Amends the Consolidated Farm and Rural Development Act to give rural industrial assistance priority to projects that encourage farmer-owned value-added processing facilities.
Introduced in House
Introduced in House
Referred to the House Committee on Agriculture.
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