A bill to enhance fair and open competition in the production and sale of agricultural commodities, and for other purposes.
Requires an agricultural contract to carry an obligation of good faith. Sets forth specified agricultural contract-related provisions.
Revises the Agricultural Fair Practices Act of 1967.
Amends the Consolidated Farm and Rural Development Act to authorize private investors to establish the National Rural Cooperative and Business Equity Fund to raise and provide capital to rural businesses.
Amends the Agricultural Marketing Act of 1946 to require retailers of covered commodities to inform consumers at the final point of sale of the commodity's country of origin.
Amends the Agricultural Market Transition Act to set forth marketing loan rates for feed grains, upland and extra long staple cotton, rice, and oilseeds.
Amends the Federal Agriculture Improvement and Reform Act of 1996 to revise the farmland protection program.
Expresses the sense of Congress that the Secretary of Agriculture should take necessary actions to ensure the participation of socially disadvantaged farmers in Department of Agriculture programs.
Introduced in Senate
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (text of measure as introduced: CR S249-259)
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