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 The 1996 farm bill (P.L. 104-127) repealed the statutory authority for the honey program.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 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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