The Agricultural Adjustment Act of 1990 (AAA) is a federal law that provides a new way for farmers to make money from their crops.
Under the law, they can sell excess excess produce, such as grains, to a third party for up to $50 per bushel.
This is called the “aggregate selling price,” and farmers can sell it for as much as $1,000 per bushell to wholesalers.
The law allows the government to sell grain to farmers who do not have a licensed crop broker, but it also allows the federal government to make payments to farmers through a crop insurance program, known as the Rural Electrification Assistance Program (RESA).
Under the program, rural communities can receive up to a $5,000 payment per acre for a crop that fails.
The USDA has provided up to half a million acres of farmland to the RESA program, according to the Department of Agriculture.
Under the law’s definition, if a farmer sold excess produce under the law to a processor for up, say, $50 a bushel, the processor would be subject to the $50 price tag, and farmers would be required to pay it to the USDA.
The government’s payment rules were recently revised and will now apply to any crop that is purchased through the Resa program.
In theory, the USDA should be able to sell excess produce to processors that meet certain criteria, but there is no such requirement under the new rules.
While the federal crop insurance and crop insurance programs have existed for some time, they have only been used to purchase grain from farmers.
But the new regulations will help farmers comply with the new laws, which will likely mean more grain purchases from the USDA will come under the umbrella of crop insurance.
“We’re excited to have this rule put in place, but we’re also excited to see the new crop insurance rules,” said Mike Lohr, president of the National Corn Growers Association.
“Agricultural Adjustment Acts are a major step forward in improving crop security for farmers and the American public, but many challenges remain,” he added.
“As this rule takes effect, the Government Accountability Office and the Office of Management and Budget will continue to work with the agriculture industry to determine the impact of this rule and how it will impact farmers and ranchers.”