What the bill does
Agricultural Act of 2014 – Title I: Commodities – Subtitle A: Repeals and Reforms – Part I: Repeals – (Sec. 1101) Repeals: (1) direct payments under the Food, Conservation, and Energy Act of 2008; and (2) countercyclical payments and the average crop revenue election program (ACRE) under the Food, Conservation, and Energy Act of 2008. Continues countercyclical payments and ACRE, however, for crop year 2013. Part II: Commodity Policy – (Sec. 1111) Includes peanuts as a covered commodity. (Sec. 1112) Directs the Secretary of Agriculture (USDA) (the Secretary in this bill unless otherwise indicated) to notify farm owners regarding their opportunity to elect to: retain base acres, including generic base acres; or reallocate any base acres other than generic base acres for covered commodities, as in effect on September 30, 2013, among covered commodities planted on the farm during the 2009-2012 crop years. Deems a non-electing farm owner to have elected to retain base acres, including generic acres. Applies such election, or deemed election, to all covered commodities on a farm. Sets forth the reallocation formula. Directs the Secretary to provide for a farm's base acreage adjustment for covered commodities if: (1) a conservation reserve contract expires or is voluntarily terminated, (2) cropland is released from conservation reserve contract coverage, or (3) the producer has eligible oilseed acreage. Requires a farm owner, for the crop year in which a base acres adjustment is first made, to elect to receive either price loss coverage (PLC) or agriculture risk coverage (ARC) for…
Subjects: Administrative law and regulatory procedures, Administrative remedies, Agricultural conservation and pollution, Agricultural education, Agricultural marketing and promotion, Agricultural practices and innovations, Agricultural prices, subsidies, credit, Agricultural research, Agricultural trade, Alternative and renewable resources