3.0.0 746 2022-11-15T16:34:20Z 2022-11-15T16:34:20Z Senate S S 2013-04-17 113 ssaf00 Agriculture, Nutrition, and Forestry Committee Senate Standing Referred to 2013-04-17T16:00:59Z 2013-04-17 ssaf00 Agriculture, Nutrition, and Forestry Committee Senate Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. IntroReferral 2013-04-17 Introduced in Senate IntroReferral 10000 9 Library of Congress C001099 Sen. Cowan, William M. [D-MA] William "Mo" Cowan D MA N Agriculture and Food Agricultural prices, subsidies, credit Grain Agriculture and Food 00 2013-04-17 Introduced in Senate 2013-05-21T20:56:20Z Amends the Food, Conservation, and Energy Act of 2008 to direct the Secretary of Agriculture (USDA), for each of the 2014-2018 crops of each market commodity, to make recourse loans available to producers on a farm electing to participate in the program.

Sets forth: (1) the recourse loan rate for corn, oats, barley, grain sorghum, wheat, and soybeans; and (2) market commodity-specific limitations on participation (inventory caps) for such crops.

Requires participating producers, until the Secretary authorizes loan repayment and release, to: (1) store and maintain the market commodity, and (2) not sell or otherwise release the commodity into the market.

Provides that during such storage period: (1) title to the commodity shall remain with the producers, and (2) the Secretary shall have a first lien on the commodity for which a recourse loan is received.

Provides USDA payments to producers at $0.40 per bushel per crop year.

Authorizes the Secretary to establish a partial commodity release if the market release of all of the stored commodity would depress prices below the release level.

Authorizes the Secretary to establish a set-aside program under which qualifying producers on a farm may remove acres from production for the following crop year if the inventory cap for a commodity is reached and such commodity's market price is below the recourse loan rate. Requires participating producers to maintain a cover crop on all enrolled acreage.

]]> A bill to amend the Food, Conservation, and Energy Act of 2008 to establish a market-driven inventory system. Display Title A bill to amend the Food, Conservation, and Energy Act of 2008 to establish a market-driven inventory system. Official Title as Introduced A bill to amend the Food, Conservation, and Energy Act of 2008 to establish a market-driven inventory system. Introduced in Senate 2013-04-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113s746is/xml/BILLS-113s746is.xml 2013-04-17 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.