Guaranteed Federal Funding and Payment Limits Removal for Disadvantaged Farmers.
This bill ensures stable and increasing federal funding for farmers and ranchers operating in geographically disadvantaged regions. The changes guarantee that payments will be made from federal funds, removing previous dependency on fund availability, and eliminate payment caps when funding meets demand. This provides greater financial stability and certainty for these producers.
Key points
Establishes mandatory federal funding (CCC) for geographically disadvantaged farmers, starting at $10 million in FY 2024 and increasing annually to $15 million by FY 2029 and thereafter.
Removes payment limitations for individual farmers in years where the total available funding is sufficient to cover all received applications.
Expired
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