1、Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS Web96-440 ENRMay 17, 1996Dairy Provisions of the Enacted 1996 Farm Bill(name redacted)Specialist in Agricultural PolicyEnvironment and Natural Resources Policy DivisionSummaryThe Federal Agriculture
2、 Improvement and Reform Act of 1996 (P.L. 104-127, theenacted 1996 farm bill) contains provisions (Title I, Subtitle D, Chapter 1) thatsignificantly modify the two major federal policy tools used to support milk markets: thedairy price support program and federal milk marketing orders. The new law r
3、educesthe level of price support under the dairy price support program in each year (1997through 1999), until the program is terminated at the end of 1999. In return, the deficitreduction assessment paid by milk producers is eliminated almost immediately. The dairyprice support program is replaced o
4、n January 1, 2000 by a recourse loan program fordairy processors to assist them in managing their inventories. The enacted 1996 farm billrequires a reduction in the number of milk marketing orders, to at least 10 but no morethan 14 - and gives USDA three years to administratively achieve this goal.O
