Transcript Slide 1

The Impacts of The Food, Conservation and Energy Act of 2008
Policies on Southern Agriculture
The Trade Title
&
The FCEA Linkage to U.S. WTO Commitments
Mechel S. Paggi
Director, Center for Agricultural Business
College of Agricultural Sciences and Technology
California Agricultural Technology Institute
California State University, Fresno
Kansas City, Missouri
July 8-9, 2008
TRADE
-- Establishes a consultative group to combat child and labor in the production of U.S. commodity imports.
-- Establishes Softwood Lumber Importer Declaration Program to require importers of softwood lumber to
"declare" they are importing lumber consistent with international agreements, primarily the Softwood Lumber
Agreement between the U.S. and Canada. Applies civil penalties to importers for knowingly violating the law.
-- Repeals the Export Enhancement Program.
-- Repeals the GSM-103 export credit guarantee program as well as the 1 percent fee cap on the GSM-102
program. Funding for GSM-102 set at $40 million in mandatory spending and authorized to make at least $4
billion in credit guarantees available each year.
-- Market Access Program funding is kept at $200 million in mandatory spending per year.
-- Technical assistance for specialty crop funding is ramped up to $9 million in 2012 (total funding: $37 million
over 5 years).
-- Makes a minor change to the "buy American" provision in the Emerging Markets and Facilities Loan
Guarantee Program to allow a waiver of that provision if such goods are not available.
-- Authorizes $60 million in appropriations for Germplasm Conservation.
Trade : Prepared by the Senate Agriculture, Nutrition and Forestry Committee
• REFORMS FOOD AID OPERATION AND OVERSIGHT: The bill addresses many of
the shortcomings of U.S. international food aid programs identified in an April 2007
Government Accountability Office report, such as lack of attention to food aid quality
and inadequate assessment of development in recipient countries.
• SPEEDS EMERGENCY FOOD RESPONSE: Changes made will increase the ability of
the U.S. government to pre-position U.S. commodities in overseas warehouses, thus
allowing expedited food donations to countries facing dire emergencies.
• PROMOTES DEVELOPMENT BY MODIFYING THE BILL EMERSON
HUMANITARIAN TRUST: P.L.480 title II funds are intended for both emergency and
agricultural development assistance. The bill reforms operation of the Bill Emerson
Humanitarian Trust and clarifies that the Trust should be used as a source of funding in
humanitarian emergencies in order to maintain more funding under Title II for
development.
Trade : Prepared by the Senate Agriculture, Nutrition and Forestry Committee
• ESTABLISHES A LOCAL AND REGIONAL PROCUREMENT PILOT PROGRAM:
The bill includes a pilot program funded at $60 million over four years for the
purpose of evaluating the effectiveness of local or regional procurement of food
for humanitarian assistance. The Secretary of Agriculture is required to establish
projects using locally purchased food in a variety of regions and situations, and
to arrange for independent evaluation of the projects’ efficacy in a report to the
House and Senate Agriculture Committees prior to the expiration of this bill in
2012.
• REFORMS AND EXTENDS EXPORT PROGRAMS: The bill modifies export credit
guarantee programs to make them consistent with the ruling in the World Trade
Organization cotton case and reauthorizes the Market Access Program, Foreign
Market Development Program, and the Emerging Markets and Facilities Loan
Guarantee program.
• EXPANDS TECHNICAL ASSISTANCE FOR SPECIALTY CROPS: This program
provides financial assistance to producers and exporters of specialty crops in
addressing technical and sanitary and phyto-sanitary barriers against their
products in overseas markets. Funding for the program is increased from the
current level of $2 million annually to $9 million annually by 2012.
A Trade Title Written in a Time of Plenty
Fiscal Year Trade Forecasts
for U.S. Agricultural Products
Changes in 2008 Forecast Since February
Ag Exports rise $7.5 billion to record $108.5 billion
AgImports rise $2 billion to record $78.5 billion
Ag Surplus reaches record $30.0 billion
U.S. Agricultural Trade
Higher prices for grains & soybeans and larger grain volumes drive half of the
export gain in 2008. Import growth continues at faster pace.
T rade Value ($Billion)
$110
$100
108.5
$90
Record
$80
81.9
$70
59.8
$60
Exports
$50
78.5
70.0
49.1
Imports
$40
$30
Trade Surplus
27.3
$20
30
11.9
$10
$0
'87
'89
'91
'93
'95
Cheaper Dollar Influence Doesn’t Hurt
'97
'99
'01
'03
'05
'07
FY’08 Exports Revised Since February
$7.5 Billion to Record $108.5 Billion
Volume Up 2.6 mmt to Record 138.4 mmt
AgExports Up
Major Bulk Commodity
Grains & Feeds
$2.6 billion to record $35.3 billion
 wheat (+) $500 million – higher prices offsets some vol reduction
 animal feeds: corn (+) $500 million – (+) 1 mmt with no competition and (+) prices anticipating tighter US mkt;
feeds/fodders – (+) $ 650 mil on (+) vol for DDGs
 rice (+) $600 – export unit value jumps to $590/ton and some vol increase
Animal Products
$2.5 billion to record $20.5 billion
 dairy prods (+) $1.1 bil – (+) vols, esp. NFDM, on strong demand & NZ drought
 pork (+) $475 mil – (+) 200,000 mt mainly on strong China demand
Oilseeds and Products
$1.8 billion to record $20.7 billion
 soybeans (+) $1.3 bil – (+) 2.3 mmt and unit values on extended late-season sales
Horticultural Products
$800 million to record $20.5 billion
 fruits/vegs/tree nuts (+) 600 million – good supplies, strong demand, weak dollar
Cotton
$500 million but still a record 5.1 billion
 volume lowered 300,000 mt on technical adjustment to China stocks and import demand
Major Bulk Commodity Export Vol
2.6 mil. tons to record 138.4 mil. tons
 volume is up 13.7 mmt from 2007 and 2 mmt above previous record set in 1980
 largest annual increases: corn +8.9 mmt, sorghum +2.6 mmt, wheat +1.8 mmt
Ag Imports Continue Four Decades of Expansion
Demand & supply factors at work in a relatively open market
Demand: consumer preferences (variety, luxury, ethnic foods); population growth (2.7
million/year); high disposable income
 Supply: capital flows build foreign capacity; technology transfer; supply chains
increasingly global; production costs (lower wages favor labor-intensive crops)

FY 2008 import values for products driving most long-term growth
Horticultural products $34.8 billion (fruit & vegs $17.5 bil, wine & beer $8.5 bil)
 Snack foods $5.2 bil, beef & pork $4.2 bil, vegoils $4.5 bil, dairy products $3.2 bil

Key observations for FY 2008 – imports rise $6 bil to record $76 bil
Import volume growth slows slightly with weaker dollar and consumer spending, but
higher prices keep value growing near the faster pace seen in the past 5 years
 Grains, oilseeds & products add $4 billion in 2008, mostly due to higher prices, but some
vol increase too
Tropical products (natural rubber, coffee & other products) continue to grow above trend
with strong global demand and record to near-record prices

Top Ag Markets and Ag Suppliers (NAFTA)
Top Ag Markets…
Top Ag Suppliers…
Canada
Canada
Mexico
EU
EU
Mexico
2008f
2007
2002
Japan
China
0
2
4
6
8
10
Billion Dollars
12
14
2008f
2007
2003
China
Brazil
16
0
2
4
6
8
10
Billion Dollars
12
14
16
18
Agriculture & The WTO
Objectives and Obligations
Increase
Market
Access
Eliminate
Export
Subsidies
Reduce
Trade Distorting
Domestic
Support
2002 – 2005 *
$10.2 billion ( $6.9 - $12.9)
Dairy: $ 4.9 billion
Sugar: $1.1 billion
$19.1 billion
U.S. NA Without
Acreage Controls
Direct Payments
Food Stamps
Etc.
* Important that CCP’s and Crop Ins are in non-product specific category
2002 – 2005
$58.3 - $71.8
How Much are Trade-Distorting Crop Supports
The Issue for the Future?
As Reported 10/4/07
Prior to this notice, the U.S. last Notified the WTO of its domestic support levels in March
2004 for the years 2000-2001.
The Key for Future Compliance
U.S. Sugarcane & Sugar Beet
U.S. Dairy
Production
2002
Description of basic
products including
non?product-specific
(AMS)
Calculated
AMS
Mil. dol.
1
2
Value of production
5 per cent of
Amount1
value
Mil. dol.
Mil. dol.
3
4
Current Total AMS
Mil. dol.
5
Apples and pears
Barley
3.577
3.932
1,827.81
605.635
91.39
30.282
2
Blueberries, wild
0.208
17.86
0.893
2
Cattle and calves
136
27,097.53
1,354.88
2
0.002
187.083
1,186.79
6,304.76
0.018
0.039
2.374
1,109.61
0.912
20,882.45
4,393.48
20,720.48
36.842
228.338
36.822
29,428.53
0.046
1,044.12
219.674
1,036.02
1.842
11.417
1.841
1,471.43
2
Chickpeas
Corn
Cotton
Dairy
Dry peas
Honey
Lentils
Livestock
3
Minor Oil Seed:
Canola
Crambe
Safflower
Sunflower
Mohair
Oats
Peanuts
Rice
Sheep and lamb
Sorghum
Soybeans
Sugar
Tobacco
Wheat
Wool
Total
2
1,186.79
6,304.76
2
2
2.374
2
2
0.091
0.114
162.719
1.867
8.136
0.093
0.114
2.241
32.373
1.619
2.241
0.006
4.84
0.065
65.995
711.572
294.595
3.432
212.078
599.714
979.628
14.73
0.172
10.604
29.986
48.981
2
23
3.908
52.479
1,327.80
70.408
22.448
7.818
313.946
855.14
15,252.69
2,104.47
1,686.81
5,637.42
21.689
15.697
42.757
762.635
105.224
84.34
281.871
1.084
11,227.17
194,572.22
Non-product-specific AMS 5,100.54
(from Supporting Table DS:9
below)
Total:Current
AMS
2
4.84
2
65.995
711.572
23
2
2
1,327.80
2
2
7.818
9,637.30
9,728.61
2
Total
9,637.30
79%
2003
Description of
basic products
including
non?productspecific (AMS)
Calculated
AMS
Mil. dol.
1
Barley
Chickpeas
Corn
Cotton
Dairy
Dry peas
Grapes
Honey
Lentils
Livestock
Lychee
Minor Oil Seed:
Canola
Crambe
Sunflower
Mohair
Oats
Olives
Peanuts
Potatoes
Rice
Sorghum
Soybeans
Sugar
Tobacco
Wheat
Wool
Total
2
Value of production
5 per cent of
Amount1
value
Mil. dol.
Mil. dol.
3
4
Current
Total AMS
5
2
1.051
0.113
232.619
434.914
4,736.81
14.07
0.122
0.031
0.007
0.8
0.075
755.14
0.912
24,476.80
6,295.76
21,381.32
39.352
2,609.29
255.791
41.407
34,572.92
5.603
37.757
0.046
1,223.84
314.788
1,069.07
1.968
130.464
12.79
2.07
1,728.65
0.28
7.186
0.056
159.849
1.168
7.992
0.058
2
0.346
4.231
3.408
0.622
21.037
0.65
503.036
17.118
24.592
1,249.84
19.022
107.421
7.012
316.214
3.435
224.91
48.289
799.428
2,685.82
1,628.95
964.978
18,013.75
2,268.30
1,576.44
7,929.04
28.126
15.811
0.172
11.246
2.414
39.971
134.291
81.447
48.249
900.688
113.415
78.822
396.452
1.406
2
7,386.19
2,800.69
216,478.10
Non-product-specific AMS
(from Supporting
Table 10,823.91
DS:9 below)
Total:
Current
Total AMS
Mil. dol.
0.113
2
434.914
4,736.81
14.07
2
2
2
2
2
2
4.231
2
2
2
2
503.036
2
2
1,249.84
2
2
7.012
6,950.03
2
6,950.03
86%
2005
Description of basic
products including
non?product-specific
(AMS)
Calculated
AMS
Mil. dol.
1
2
Avocados
Barley
Chickpeas
Corn
Cotton
Dairy
Dry peas
Grapes
Honey
Lentils
Livestock
Minor Oil Seed:
Canola
Sunflower
Mohair
Oats
Orchards
and
vineyards
Peanuts
Rice
Sorghum
Soybeans
Sugar
Wheat
Wool
Total
Value of production
Amount1
5 per cent of value
Mil. dol.
Mil. dol.
3
4
Mil. dol.
5
2
0.007
46.196
0.304
4,490.00
1,620.70
5,149.25
37.431
0.811
0.174
11.375
0.3
353.808
527.633
2.262
22,198.47
5,695.22
26,873.95
66.046
3,489.12
157.795
53.64
39,237.67
17.69
26.382
0.113
1,109.92
284.761
1,343.70
3.302
174.456
7.89
2.682
1,961.88
13.518
18.214
1.542
0.043
152.033
487.654
4.851
195.15
7.602
24.383
0.243
9.758
13.518
0.127
89.185
132.509
139.751
69.168
1,199.21
28.924
6.624
16,432.87
843.435
1,741.72
737.038
17,269.14
1,947.68
7,171.44
26.272
821.644
42.172
87.086
36.852
863.457
97.384
358.572
1.314
2
13,055.37
5,862.29
236,001.01
11,800.05
Non-product-specific AMS
(from Supporting Table
DS:9 below)
Total:
Total AMS
Current
Total AMS
46.196
0.304
4,490.00
1,620.70
5,149.25
37.431
2
2
11.375
2
2
1.542
2
89.185
132.509
139.751
2
1,199.21
2
6.624
12,937.60
2
Current
12,937.60
48%
Revised draft modalities for agriculture
Ambassador Crawford Falconer
Chairman
Committee on Agriculture, Special Session
B. Final Bound Total Ams: A Tiered Formula
1. Tiered reduction formula
(a) Reductions in Final Bound Total AMS
11. The Final Bound Total AMS shall be reduced in accordance with the following tiered formula:
(a) where the Final Bound Total AMS is greater than US$40 billion, or the equivalent in the
monetary terms in which the binding is expressed, the reduction shall be [70] per cent;
(b) where the Final Bound Total AMS is greater than US$15 billion and less than or equal to
US$40 billion, or the equivalents in the monetary terms in which the binding is expressed, the
reduction shall be [60] per cent;
(c) where the Final Bound Total AMS is less than or equal to US$15 billion, or the equivalent in
the monetary terms in which the binding is expressed, the rate of reduction shall be [45]
per cent.
Problems for the Future?
 Current
Limit: $19.1 Billion
 With Reduction of 60%: $7.64
Sugar and Dairy AMS Estimates Using
USDA Baseline Projections
Table 16
U.S. sugar projections 1/
------------------ -------------------- ------------- ------------------ --------------- -------------- -------------- -------------- -------------- ------------- ------------- ------------- ------------- ------------Item
Units
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
------------------ -------------------- ------------- ------------------ --------------- -------------- -------------- -------------- -------------- ------------- ------------- ------------- ------------- ------------Sugarbeets
Production
Sugarcane
Production
Mil. s. tons
4,444
4,901
4,453
4,114
4,282
4,307
4,400
4,483
4,553
4,612
4,669
4,726
Mil. s. tons
2,955
3,617
3,949
3,739
3,923
3,947
3,989
4,022
4,055
4,085
4,116
4,149
7399.0
8518.0
8402.0
7853.0
8205.0
8254.0
8389.0
8505.0
8608.0
8697.0
8785.0
8875.0
Total
Avg Support
$ per metric ton
374.79
374.79
374.79
374.79
374.79
374.79
374.79
374.79
374.79
374.79
374.79
374.79
Reference Price
230.82
230.82
230.82
230.82
230.82
230.82
230.82
230.82
230.82
230.82
230.82
230.82
AMS Margin
143.97
143.97
143.97
143.97
143.97
143.97
143.97
143.97
143.97
143.97
143.97
143.97
0.966
1.112
1.097
1.025
1.071
1.078
1.095
1.111
1.124
1.136
1.147
1.159
2009
183.8
9.90
7.26
2.64
4.85232
2010
184.5
9.90
7.26
2.64
4.8708
AMS Billion US $
1986-88 Average Carribean Price
Transportation
$202.16
28.66
$230.82 mt
USDA Baseline Production Based AMS Estimate
2007
2008
Milk production
Bil. lbs.
183.0
183.9
U.S. Support Price
9.90
9.90
WTO Reference Price
7.26
7.26
AMS per unit (cwt)
2.64
2.64
Milk AMS?
4.8312 4.85496
2011
185.9
9.90
7.26
2.64
4.90776
2012
188.0
9.90
7.26
2.64
4.9632
2013
189.2
9.90
7.26
2.64
4.99488
2014
191.1
9.90
7.26
2.64
5.04504
2015
193.2
9.90
7.26
2.64
5.10048
2016
195.7
9.90
7.26
2.64
5.16648
Revised AMS Calculations for Dairy
U.S. Dairy AMS, revised version
Unit
2000
2001
2002
2003
2004
2005
Butter AMS
Reference price 1/
Purchase price 2/
Production 3/
1,000 $
$/lb
$/lb
1,000 lb
25,121
172,457
325,235
422,402
423,871
458,057
0.71
0.71
0.71
0.71
0.71
0.71
0.73
0.85
0.95
1.05
1.05
1.05
1,256,032 1,231,838 1,355,147 1,242,360 1,246,678 1,347,227
NFDM AMS
Reference price 1/
Purchase price 2/
Production 3/
1,000 $
$/lb
$/lb
1,000 lb
464,511
353,444
392,248
238,356
211,857
177,916
0.65
0.65
0.65
0.65
0.65
0.65
0.97
0.90
0.90
0.80
0.80
0.80
1,451,597 1,413,777 1,568,991 1,589,041 1,412,381 1,186,104
Cheese AMS
Reference price 4/
Purchase price
Production 3/
1,000 $
$/lb
$/lb
1,000 lb
1,446,362 1,404,658 1,443,221 1,406,013 1,536,490 1,561,005
0.62
0.62
0.62
0.62
0.62
0.62
1.13
1.13
1.13
1.13
1.13
1.13
2,828,240 2,746,691 2,822,099 2,749,342 3,004,477 3,052,415
Cheese AMS
Reference price 5/
1,000 $
$/lb
Revised AMS 4/
Revised AMS 5/
1,000 $
1,000 $
1,935,994 1,930,559 2,160,704 2,066,772 2,172,217 2,196,978
1,313,781 1,326,287 1,539,843 1,461,917 1,511,232 1,525,447
Old AMS (MPS only)
1,000 $
4,377,477 4,483,202 4,479,776 4,509,388 4,647,660 4,715,000
824,149
0.84
800,386
0.84
822,360
0.84
801,158
0.84
875,505
0.84
889,474
0.84
1/ From original U.S. AMS dairy calculations. Average for 1986/87-1988/89 marketing years, CIF.
2/ Estimated calendar year.
3/ Cheddar, calendar year from NASS.
4/ Northern Europe fob price, cheddar, low spring price, from FAS dairy circulars. Adjusted by average freight
and handling charge (12.5 cents per pound) from ITC report on tariff equivalents, April 1990.
5/ Northern Europe fob price, cheddar, high fall price, from FAS dairy circulars. Adjusted by average freight
and handling charge (12.5 cents per pound) from ITC report on tariff equivalents, April 1990.
Dairy and Sugar Components of AMS
With Alternative Dairy Calculation
6
Billion Dollars
5
4
3
Revised
Dairy
2
1
Sugar
0
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
FAPRI3/08
U.S. Amber Box AMS Projections
25
24
23
22
21
20
19
18
UR AMS Limit $19.1 Billion
17
16
15
14
13
Counter Cyclical
Marketing Loan
Alt Dairy
Sugar
$12.9 Billion 2005
12
11
10
9
8
$9.6 Billion 2002
New Doha Limit $7.64 Billion
7
6
5
4
3
2
1
0
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
$7.6 billion
Marketing Loan Benefits
About $5 billion
The Box for Counter Cyclical
Payments With F&V Restrictions
(Currently CCP’s Are reported as
Non-product specific Amber,
exempt under de’minis
5% of total Production Value Trigger)
Unlimited? – Place for Direct Payments
Non Product Specific Amber Support
Subject to De Minimis Exemptions
Crop Insurance Has Been in this Categroy
De
minimis exemption cuts
non-binding (2.5% of value of production from 5%) ?
2007 $300 Billion
$7.5 Billion
$15 Billion
Crop Insurance May Be a Problem
Average Crop Revenue Election (ACRE)
Could Be a Real Problem

“Agriculture Deputy Secretary Chuck Conner says that
since Congress approved the legislation last week,
department analysts have delved deeply into ACRE’s
provisions and were troubled by what they found.
Assuming a high rate of participation in the program
and national corn, wheat and soybean prices at $3.25,
$5 and $7 per bushel, respectively, USDA could pay
out around $16 billion to ACRE participants who
produce those three crops in 2009 alone, says USDA.”
 What
about other Doha Round Changes?
Other Issues
• Product Specific Limits
WORKING DOCUMENT No. 6
FINAL BOUND TOTAL AMS: A TIERED FORMULA
For the United States only, the product-specific AMS limits specified in the schedule
shall be the resultant of applying proportionately the average actual product-specific
AMS support in the [1995-2004] period to the average actual total AMS for the Uruguay
Round implementation period (1995-2000).
WORKING DOCUMENT No. 8
BLUE BOX
For the United States, the limits to the value of support that may be provided to
specific products under paragraph 1(b) above shall be [110] [120] per cent of the
average product-specific amounts that would result from applying proportionately
the legislated maximum permissible
expenditure under the 2002 Farm Bill for specific products to the overall Blue Box
limit of 2.5 per cent of the average total value of agricultural production.
FAPRI3/08
FAPRI3/08
FAPRI3/08
FAPRI3/08
If the Future is Certain

High Prices make government commodity supports $0.00 to below
$1.0 billion, well within new commitments. Dairy and Sugar can be
accommodated. ACRE Program just
a safety net.

Direct Payments must remain in green box, $5.2 billion, even if
planting restrictions have to go (cotton case).

Countercyclical payments notified as blue box, within commitments.

De minimis exemption cuts non-binding (2.5% of value of production
from 5%) if Crop Insurance payments do go through the Roof.
What Will The Future Bring?
What Will The Future Bring?
Ta b le 3 5 — CCC Ne t Ou t la y s b y Co m m o d it y a n d Fu n ct io n
2000
2001
2002
Fi scal y e ar
2003
2004
3,369
3,189
4,456
4,306
5,057
0
0
11,046
1
0
6,419
460
446
461
0
1,476
215
4,105
0
0
5,455
-1
0
5,293
921
237
820
0
1,625
229
3,968
0
0
-1
-2
0
5,345
0
182
7
0
1,785
249
38
25,619
64
18,748
1,913
1,251
328
668
1999
2005
2006
2007E
2008E
1,246
5,801
5,959
4,172
3,018
-294
4,151
1,743
167
-1
1,795
693
0
455
1,323
0
1,785
159
-11
5,289
809
-3
-2
221
461
0
363
20
0
1,786
96
1
5,235
2,772
2
0
9
3,856
0
582
9
939
1,788
22
181
11,714
237
12,214
124
9,153
110
15,325
-1
4,962
4,356
0
0
352
4,630
0
372
12
967
1,830
22
0
66
17,568
-1
4,081
2,818
0
0
200
189
0
0
15
960
1,890
28
18
154
10,352
0
5,202
1,091
0
0
0
150
0
0
0
960
1,926
0
22
325
9,676
1,848
230
1,867
804
2,395
178
880
784
201
120
478
-1,310
17
-1,006
251
-2,248
132
-258
73
-4,269
205
-3,948
615
-3,362
619
-2,508
62
81
122
119
167
143
125
103
114
13
323
4
210
165
234
370
60
736
216
242
362
5
428
-2,047
282
302
55
218
-96
-329
388
81
49
367
-17
-121
6
88
65
-683
46
10
71
-1,443
2,053
39
14
366
-629
356
53
4
426
227
304
52
0
195
236
1,106
19,223
32,265
22,105
15,680
17,425
10,575
20,187
20,211
13,785
13,190
Fu n ct io n
Pr i ce su p p o r t lo an s (n e t )
1,455
3
Cash d i r e ct p ay m e n t s:
Pr o d u ct i o n f le xi b i li t y co n t r act
5,476
Di r e ct p ay m e n t
0
Co u n t e r -cy cli cal p ay m e n t
0
Mar ke t lo ss assi st an ce
3,011
De f i ci e n cy
-3
Dai r y m ar ke t i n co m e lo ss
0
Lo an d e f i ci e n cy
3,360
Oi lse e d
0
Co t t o n Use r m ar ke t i n g
280
Ot h e r
1
To b acco Bu y -Ou t Pay m e n t s
0
Co n se r v at i o n Re se r v e Pr o g r am
1,435
Ot h e r co n se r v at i o n p r o g r am s
247
Em e r g e n cy Fo r e st r y Co n sr v at . Re sr v .
No n i n su r e d Assi st an ce (NAP)
54
To t al d i r e ct p ay m e n t s
13,861
1988-2005 cr o p d i sast e r
Em e r g e n cy li v e st o ck/t r e e /DRAP
li v e st o ck i n d e m n ./f o r ag e assi st .
Pu r ch ase s (n e t )
Pr o ce ssi n g , st o r ag e , an d
t r an sp o r t at i o n
Exp o r t d o n at i o n s o ce an
t r an sp o r t at i o n
Op e r at i n g e xp e n se 1
In t e r e st e xp e n d i t u r e
Exp o r t p r o g r am s 2
Ot h e r
To t al
$ m illio n
1. Does not include CCC Transfers to General Sales Manager. 2. Includes Export Guarantee Program, Direct Export Credit Program, CCC Transfers to the
General Sales Manager, Market Access (Promotion) Program, starting in FY 1991 and starting in FY 1992 the Export Guarantee Program - Credit Reform, Export
Enhancement Program, Dairy Export Incentive Program, and Technical Assistance to Emerging Markets, starting in FY 2000 Foreign Market Development
Cooperative Program and Quality Samples Program, starting in FY 2003 Specialty Crops. 3. Includes cash payments only. Excludes generic certificates in FY 8696. E = Estimated in FY 2008 President's Budget based on 'November 2006' supply and demand estimates. The CCC outlays shown for 2002-2008 include the
impact of the Farm Security and Rural Investment Act of 2002, which was enacted on May 13, 2002. Minus (-) indicates a net receipt (excess of repayments or other
receipts over gross outlays of funds). FY 2004-FY 2005 includes revised dairy outlays.
Information contact: Richard Pazdalski Farm Service Agency-Budget at (202) 720-3674 or [email protected].
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