Agriculture Risk Protection Act of 2000
The Agriculture Risk Protection Act of 2000 (Pub.L. 106–224) made major revisions to the federal crop insurance program and provided emergency agricultural assistance. The crop insurance provisions: significantly increased the government subsidy of the program; improved coverage for farmers affected by multiple years of natural disasters; and authorized pilot insurance programs for livestock farmers and growers of other farm commodities that were not served by crop insurance, among many other provisions. The emergency provisions made available a total of $7.14 billion in emergency farm assistance, mostly in direct payments (called market loss payments) to growers of various commodities to compensate for low farm commodity prices.
- This article incorporates public domain material from the Congressional Research Service document "Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition" by Jasper Womach.