Summary

Frank Dean Lucas Federal Agriculture Reform and Risk Management Act of 2013… (2013 | noyear)

If the owner of a farm elects to update yields under this subsection, the payment yield for a covered commodity on the farm, for the purpose of calculating price loss coverage payments only, shall be equal to 90 percent of the average of the yield per planted acre for the crop of the covered commodity on the farm for the 2008 through 2012 crop years, as determined by the Secretary , excluding any crop year in which the acreage planted to the crop of the covered commodity was zero.
Source: Wikisource

Frank Dean Lucas Federal Agriculture Reform and Risk Management Act of 2013… (2013 | noyear)

The Corporation shall conduct activities or enter into contracts to carry out research and development to develop a whole farm risk management insurance plan, with a liability limitation of $1,000,000, that allows a diversified crop or livestock producer the option to qualify for an indemnity if actual gross farm revenue is below 85 percent of the average gross farm revenue or the expected gross farm revenue that can reasonably be expected of the producer, as determined by the Corporation .
Source: Wikisource

Frank Dean Lucas Federal Agriculture Reform and Risk Management Act of 2013… (2013 | noyear)

Priority– In evaluating applications under the program, the Secretary may give priority to land that is currently enrolled in the conservation reserve program in a contract that is set to expire within 1 year and—
(1) in the case of an agricultural land easement, is grassland that would benefit from protection under a long-term easement; and (2) in the case of a wetland easement, is a wetland or related area with the highest functions and value and is likely to return to production after the land leaves the conservation reserve program.
Source: Wikisource

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