Wool, Mohair and Other Programs

1
Wool, Mohair and Other Programs

• 2002 Farm Bill Education Conference
• Kansas City, Missouri
• May 20-21, 2002
• David P. Anderson
• Texas AM University

2
Wool and Mohair Program

• Provides a marketing loan or loan deficiency
  payment based on a loan rate of
• 1.00 per pound for graded wool
• 0.40 per pound for non-graded wool
• 4.20 per pound for mohair
• 0.40 per pound for unshorn pelts

3
Wool and Mohair Program

• Graded Wool
• Objectively measured by core test
• Fiber diameter and yield
• 2002 LDPs
• Wool, mohair shorn and sold before farm bill
  passed
• Keep sales receipt
• LDP paid based on date producer lost beneficial
  interest

4
Pulse Crops

• Dry Peas, Lentils, Small Chickpeas
• Marketing Loan and LDPs
• Rates based on feed pea prices, no. 3 lentils and
  20/64 chickpea screen

Crops Current 2002 2003 2004 - 2007
Dry Peas (/cwt) N\A 6.33 6.22
Lentils (/cwt) N\A 11.94 11.72
Small Chickpeas (/cwt) N\A 7.56 7.43
5
Honey Program

• Provides a marketing loan or loan deficiency
  payment based on a loan rate of 0.60 per pound
• Almost no detail on this program
• Leaving a lot to FSA to determine

6
Sugar Program

• Sweetened Up the Pot !
• Eliminates Marketing Assessment
• Reduces CCC Interest Rates
• Authorizes Payment-In-Kind
• Authorizes Marketing Allotments
• Eliminates 1 Cent Loan Forfeiture Penalty

7
Sugar Program

• Loan Rates Remain 0.18 and 0.229 for cane and
  beets
• Marketing Allotments Allocated to Processors
• Provisions for Establishing Base Acres for
  Sugarcane Producers

8
Apples

• Money for you, Money for me .
• Market Loss Assistance
• 94 million for FY 2002 for Losses in 2000 Crop
  Year
• Paid on Year 2000 production or up to 5 million
  pounds of apples