To amend the Specialty Crops Competitiveness Act of 2004 to require the Secretary of Agriculture to establish a pilot program to provide recovery payments to producers of seasonal and perishable crops that experience low prices caused by imports, and for other purposes.
About This Bill
Committee
Latest Action · August 1, 2024
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
This bill creates a five-year pilot program to compensate farmers who grow certain fresh produce when import competition causes prices to fall below historical averages. The program covers asparagus, bell peppers, blueberries, cucumbers, and squash grown and marketed in the United States, and payments would begin in marketing year 2025. Eligible farmers must have average annual income below $5 million and derive at least 75 percent of their income from farming or ranching. Payment amounts are calculated based on the difference between the crop's reference price (averaged over five years) and its current market price, multiplied by the farmer's typical production volume. The bill authorizes $200 million annually to fund the program through its five-year term.
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