Book Description

Direct and Counter-Cyclical Program and Average Crop Revenue Election Program (US Commodity Credit Corporation Regulation) (CCC) (2018 Edition) The Law Library presents the complete text of the Direct and Counter-Cyclical Program and Average Crop Revenue Election Program (US Commodity Credit Corporation Regulation) (CCC) (2018 Edition). Updated as of May 29, 2018 This rule implements the provisions of the Food, Conservation, and Energy Act of 2008 (the 2008 Farm Bill) regarding the direct and counter-cyclical payment program (DCP) for the 2008 through 2012 crop years as well as Average Crop Revenue Election (ACRE) program payments for the 2009 through 2012 crop years. The 2008 Farm Bill further authorizes payments, with some changes, that were previously authorized under the Farm Security and Rural Investment Act of 2002 (the 2002 Farm Bill) regarding direct and counter-cyclical payments for the crop years 2002 through 2007. The payments provide income support to producers of eligible commodities and are based on historically-based acreage and yields and do not depend on the current production choices of the farmer. In general, the 2008 Farm Bill provides payments to eligible producers of covered commodities and peanuts and beginning in 2009, pulse crops as well. Additionally, the 2008 Farm Bill provides for the establishment of a yield for each farm for any designated oilseed or eligible pulse crop for which a payment yield was not established under the 2002 Farm Bill. This book contains: - The complete text of the Direct and Counter-Cyclical Program and Average Crop Revenue Election Program (US Commodity Credit Corporation Regulation) (CCC) (2018 Edition) - A table of contents with the page number of each section