Honey program

Honey program — In the United States, non-recourse marketing loans had long been available to support honey prices until FY1994, when the funding was suspended by provisions in annual appropriations legislation. The 1990 farm bill (P.L. 101-624) had set honey loan rates at $0.538 per pound and permitted deficiency payments. The 1996 farm bill (P.L. 104-127) repealed the statutory authority for the honey program. A Honey Recourse Loan Program was made available for the 1998 crop only through broader emergency spending authority in the FY1999 agriculture appropriations act (P.L. 105-277). The 2002 farm bill (P.L. 107-171, Sec. 1201) made honey eligible for marketing assistance loans (and loan deficiency payments, LDPs) from 2002 through 2007.

References

 This article incorporates public domain material from Jasper Womach. Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition (PDF). Congressional Research Service.