legislation: 99-s-2795

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
99-s-2795 99 s 2795 Agricultural Programs Improvement Act of 1986 Agriculture and Food 1986-09-08 1986-09-08 Read twice and referred to the Committee on Agriculture. Senate Sen. Bumpers, Dale [D-AR] AR D B001057 3 Agricultural Programs Improvement Act of 1986 - Amends the Agricultural Act of 1949 to set loan and target price supports for the 1987 through 1990 wheat and feed grain crops at 1985 levels. Provides, with regard to such crops, for: (1) mandatory loan deficiency payment and marketing loan programs; (2) a marketing loan price floor at 65 percent of the loan rate; and (3) export marketing certificate programs if marketing loan repayment rates exceed world prices. Sets loan and target price supports for the 1987 through 1990 cotton crops at 1985 levels. Sets the marketing loan price floor at 75 percent of the loan rate. Makes loan deficiency payments mandatory. Sets loan and target price supports for the 1987 through 1990 rice crops at 1985 levels. Sets marketing loan price floors at 45 percent for 1987, 55 percent in 1988, and 65 percent in 1989 and 1990. Makes loan deficiency payments mandatory. Maintains soybean price supports at current levels through 1990. Requires the implementation of either a marketing loan or a producer option payment plan. Makes advance recourse commodity loans mandatory. Provides that crop acreage bases shall be based on the previous five crop years, excluding (up to three years) those years in which crops were not planted or considered planted. Sets forth a farm program payment yield formula. 2025-08-29T16:29:54Z  

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