Agriculture Risk Protection Act of 2000
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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.
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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.
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