3.0.0 2261 2019-11-15T21:44:05Z 2019-11-15T21:44:05Z Senate S S 2012-03-29 112 ssaf00 Agriculture, Nutrition, and Forestry Committee Senate Standing Referred to 2012-03-29T18:49:04Z 2012-03-29 ssaf00 Agriculture, Nutrition, and Forestry Committee Senate Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. IntroReferral 2012-03-29 Introduced in Senate IntroReferral 10000 9 Library of Congress C000705 Sen. Conrad, Kent [D-ND] KENT CONRAD D ND N H001061 Sen. Hoeven, John [R-ND] John Hoeven R ND 2012-03-29 True B000243 Sen. Baucus, Max [D-MT] MAX BAUCUS D MT SIEBEN 2012-03-29 True Agriculture and Food Agricultural insurance Agricultural marketing and promotion Agricultural prices, subsidies, credit Agriculture and Food 00 2012-03-29 Introduced in Senate 2012-06-06T16:41:59Z Revenue Loss Assistance and Crop Insurance Enhancement Act of 2012 - Amends the Food, Conservation, and Energy Act of 2008 to direct the Secretary of Agriculture (USDA) to establish a revenue loss assistance program (program) beginning with crop year 2013 in lieu of the supplemental revenue assistance payments (SURE) and the average crop revenue election programs (ACRE). (Extends the SURE program for crop year 2012.)

Provides producers with program assistance for losses between 12% and 25 % of their historic revenue.

Provides counter-cyclical payments for each covered commodity through crop year 2017 on farms for which payment yields and base acres are established if the effective price for the covered commodity is less than its target price.

Sets forth 2013-2017 target prices, payment rates, and payment amounts for covered commodities.

Provides a special payment calculation rule for long grain and medium grain rice, and a specified four-year alternative election.

Sets forth 2013-2017 commodity marketing assistance loan rates.

Extends specified agricultural and livestock assistance programs.

Repeals the direct payment and ACRE programs.

Limits the total revenue loss assistance payments and countercyclical payments that a person or entity may receive in a crop year.

Reduces the catastrophic risk protection coverage premium.

Authorizes agricultural producers to purchase supplemental crop insurance coverage based on: (1) an individual yield and loss basis, or an area yield and loss basis; or (2) an individual yield and loss basis, supplemented with coverage based on an area yield and loss basis to cover a part of the deductible under the individual yield and loss policy.

]]> Revenue Loss Assistance and Crop Insurance Enhancement Act of 2012 Short Titles as Introduced Revenue Loss Assistance and Crop Insurance Enhancement Act of 2012 Display Title Revenue Loss Assistance and Crop Insurance Enhancement Act of 2012 Official Title as Introduced A bill to amend the Food, Conservation, and Energy Act of 2008 to establish a revenue loss assistance program, repeal the direct payment and ACRE programs, extend commodity programs through 2017, and for other purposes. Introduced in Senate 2012-03-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s2261is/xml/BILLS-112s2261is.xml 2012-03-29 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.