Teacher:In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Teacher: Now, understand the problem? Solve this instance: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Farm Freedom Act of 1995''.

SEC. 2. REDUCTION IN TARGET PRICES AND TERMINATION OF DEFICIENCY
PAYMENTS AND MARKETING LOANS FOR WHEAT, FEED GRAINS,
RICE, AND COTTON.

(a) Wheat.--
(1) Reduction in target prices.--In the case of any price
support program for wheat administered by the Secretary of
Agriculture, the established price for wheat for a crop year
shall not exceed--
(A) for the 1996 crop of wheat, $3.84 per bushel;
and
(B) for the 1997 through 2000 crops of wheat, an
amount that is four percent less than the established
price for wheat for the preceding crop year.
(2) Termination of deficiency payment and marketing
loans.--Notwithstanding any other provision of law, for the
2001 and subsequent crops of wheat, the Secretary of
Agriculture shall not make deficiency payments available to
producers of wheat or permit producers to repay a price support
loan at a rate below the original loan rate.
(b) Corn.--
(1) Reduction in target prices.--In the case of any price
support program for corn administered by the Secretary of
Agriculture, the established price for corn for a crop year
shall not exceed--
(A) for the 1996 crop of corn, $2.64 per bushel;
and
(B) for the 1997 through 2000 crops of corn, an
amount that is four percent less than the established
price for corn for the preceding crop year.
(2) Termination of deficiency payment and marketing
loans.--Notwithstanding any other provision of law, for the
2001 and subsequent crops of corn, the Secretary of Agriculture
shall not make deficiency payments available to producers of
corn or permit producers to repay a price support loan at a
rate below the original loan rate.
(c) Oats.--
(1) Reduction in target prices.--In the case of any price
support program for oats administered by the Secretary of
Agriculture, the established price for oats for a crop year
shall not exceed--
(A) for the 1996 crop of oats, $1.39 per bushel;
and
(B) for the 1997 through 2000 crops of oats, an
amount that is four percent less than the established
price for oats for the preceding crop year.
(2) Termination of deficiency payment and marketing
loans.--Notwithstanding any other provision of law, for the
2001 and subsequent crops of oats, the Secretary of Agriculture
shall not make deficiency payments available to producers of
oats or permit producers to repay a price support loan at a
rate below the original loan rate.
(d) Grain Sorghums.--
(1) Reduction in target prices.--In the case of any price
support program for grain sorghums administered by the
Secretary of Agriculture, the established price for grain
sorghums for a crop year shall not exceed--
(A) for the 1996 crop of grain sorghums, $2.51 per
bushel; and
(B) for the 1997 through 2000 crops of grain
sorghums, an amount that is four percent less than the
established price for grain sorghums for the preceding
crop year.
(2) Termination of deficiency payment and marketing
loans.--Notwithstanding any other provision of law, for the
2001 and subsequent crops of grain sorghums, the Secretary of
Agriculture shall not make deficiency payments available to
producers of grain sorghums or permit producers to repay a
price support loan at a rate below the original loan rate.
(e) Barley.--
(1) Reduction in target prices.--In the case of any price
support program for barley administered by the Secretary of
Agriculture, the established price for barley for a crop year
shall not exceed--
(A) for the 1996 crop of barley, $2.27 per bushel;
and
(B) for the 1997 through 2000 crops of barley, an
amount that is four percent less than the established
price for barley for the preceding crop year.
(2) Termination of deficiency payment and marketing
loans.--Notwithstanding any other provision of law, for the
2001 and subsequent crops of barley, the Secretary of
Agriculture shall not make deficiency payments available to
producers of barley or permit producers to repay a price
support loan at a rate below the original loan rate.
(f) Rice.--
(1) Reduction in target prices.--In the case of any price
support program for rice administered by the Secretary of
Agriculture, the established price for rice for a crop year
shall not exceed--
(A) for the 1996 crop of rice, $10.28 per
hundredweight; and
(B) for the 1997 through 2000 crops of rice, an
amount that is four percent less than the established
price for rice for the preceding crop year.
(2) Termination of deficiency payment and marketing
loans.--Notwithstanding any other provision of law, for the
2001 and subsequent crops of rice, the Secretary of Agriculture
shall not make deficiency payments available to producers of
rice or permit producers to repay a price support loan at a
rate below the original loan rate.
(g) Upland Cotton.--
(1) Reduction in target prices.--In the case of any price
support program for upland cotton administered by the Secretary
of Agriculture, the established price for upland cotton for a
crop year shall not exceed--
(A) for the 1996 crop of upland cotton, $0.70 per
hundredweight; and
(B) for the 1997 through 2000 crops of upland
cotton, an amount that is four percent less than the
established price for upland cotton for the preceding
crop year.
(2) Termination of deficiency payment and marketing
loans.--Notwithstanding any other provision of law, for the
2001 and subsequent crops of upland cotton, the Secretary of
Agriculture shall not make deficiency payments available to
producers of upland cotton or permit producers to repay a price
support loan at a rate below the original loan rate.
(h) Extra Long Staple Cotton.--
(1) Reduction in target prices.--In the case of any price
support program for extra long staple cotton administered by
the Secretary of Agriculture, the established price for extra
long staple cotton for a crop year shall not exceed--
(A) for the 1996 crop of extra long staple cotton,
$0.918 per hundredweight; and
(B) for the 1997 through 2000 crops of extra long
staple cotton, an amount that is four percent less than
the established price for extra long staple cotton for
the preceding crop year.
(2) Termination of deficiency payment and marketing
loans.--Notwithstanding any other provision of law, for the
2001 and subsequent crops of extra long staple cotton, the
Secretary of Agriculture shall not make deficiency payments
available to producers of extra long staple cotton or permit
producers to repay a price support loan at a rate below the
original loan rate.
(i) Future Repeal of Current Provisions Regarding Price Support.--
Effective October 1, 2000, the following provisions of the Agricultural
Act of 1949, if still in effect on such date, are repealed:
(1) Section 101 (7 U.S.C. 1441) regarding price support
levels generally.
(2) Section 101B (7 U.S.C. 1441-2) regarding loans,
deficiency payments, and acreage reduction programs for rice.
(3) Section 103(h) (7 U.S.C. 1444(h)) regarding loans,
deficiency payments, and acreage reduction programs for extra
long staple cotton.
(4) Section 103B (7 U.S.C. 1444-2) regarding loans,
deficiency payments, and acreage reduction programs for upland
cotton.
(5) Section 105B (7 U.S.C. 1444f) regarding loans,
deficiency payments, and acreage reduction programs for feed
grains.
(6) Section 107B (7 U.S.C. 1445-3a) regarding loans,
deficiency payments, and acreage reduction programs for wheat.
(7) Any similar provisions of law, enacted after the date
of the enactment of this Act, relating to loans, deficiency
payments, and acreage reduction programs for the crops referred
to in the preceding paragraphs.

SEC. 3. ABANDONMENT OF ACREAGE REDUCTION PROGRAMS AND 0/85 AND 50/85
PROGRAMS.

(a) Abandonment.--The Agricultural Act of 1949 is amended by
inserting after section 115 (7 U.S.C. 1445k) the following new section:

''SEC. 116. ABANDONMENT OF RELIANCE ON ACREAGE REDUCTION PROGRAMS AND
0/85 AND 50/85 PROGRAMS AFTER THE 1998 CROP YEAR.

''(a) Zero Percentage ARP.--Beginning with the 1999 crops of rice,
cotton, feed grains, and wheat, in operating any acreage reduction
program on the production of such crops, the Secretary shall impose a
uniform percentage reduction of zero percent to the applicable crop
acreage base.
''(b) Effect on 0/85 and 50/85 Programs.--Because operation of the
0/85 and 50/85 programs for rice, cotton, feed grains, and wheat for a
crop year are conditioned on implementation of an acreage reduction
program for that crop year, the Secretary shall not conduct 0/85 and
50/85 programs for such crops after the 1998 crop year.
''(c) Definitions.--For purposes of this section:
''(1) The term 'feed grains' means corn, oats, grain
sorghums, and barley.
''(2) The term 'acreage reduction program' means a program
to reduce the crop acreage base for rice, cotton, feed grains,
or wheat by an announced acreage reduction requirement, in the
manner provided by--
''(A) section 107B(e) of this Act, in the case of
wheat;
''(B) section 105B(e) of this Act, in the case of
feed grains;
''(C) section 103(h) of this Act, in the case of
extra long staple cotton;
''(D) section 103B(e) of this Act, in the case of
upland cotton; and
''(E) section 101B(e) of this Act, in the case of
rice.
''(3) The term '0/85 and 50/85 programs' means a program
that authorizes deficiency payments on a certain percentage of
the maximum payment acres of a program crop even though the
crop is not actually planted on such acres, in the manner
provided by--
''(A) section 107B(c)(1)(E) of this Act, in the
case of wheat;
''(B) section 105B(c)(1)(E) of this Act, in the
case of feed grains;
''(C) section 103B(c)(1)(D) of this Act, in the
case of upland cotton; and
''(D) section 101B(c)(1)(D) of this Act, in the
case of rice.''.
(b) Preservation of Flex Acre Planting Flexibility.--Beginning with
the 1999 crops of rice, cotton, feed grains, and wheat, the Secretary
of Agriculture may not impose any restriction on the types of crops a
producer may plant on that percentage of the producer's crop acreage
base that is excluded from payment acres and ineligible for target
price deficiency payments.

SEC. 4. INCOME LIMITATIONS ON PARTICIPATION IN COMMODITY PRICE SUPPORT
PROGRAMS.

(a) Income Limitations on Participation.--Section 1001 of the Food
Security Act of 1985 (7 U.S.C. 1308) is amended by adding at the end
the following new paragraph:
''(8) Adjusted gross income limitation.--
''(A) Limitation.--Subject to subparagraph (B), a person
who has an adjusted gross income, as defined in section 62 of
the Internal Revenue Code of 1986 (26 U.S.C. 62), of more than
$100,000 annually shall not be eligible to receive deficiency
payments and land diversion payments described in paragraph (1)
or other payments described in paragraph (2)(B).
''(B) Exclusion of certain revenue.--Revenues from the
farming, ranching, and forestry operations of a person shall be
excluded from the calculation of the person's adjusted gross
income under subparagraph (A).''.
(b) Application.--The amendment made by subsection (a) shall apply
to crop years beginning after the date of the enactment of this Act.

SEC. 5. REDUCTION IN TOTAL AMOUNT OF AUTHORIZED DEFICIENCY PAYMENTS AND
ACREAGE DIVERSION PAYMENTS.

(a) $10,000 Reduction.--Section 1001(1)(A) of the Food Security Act
of 1985 (7 U.S.C. 1308) is amended by striking ''$50,000'' and
inserting ''$40,000''.
(b) Application.--The amendment made by subsection (a) shall apply
to crop years beginning after the date of the enactment of this Act.

SEC. 6. BUDGETARY LIMITATIONS ON OUTLAYS FOR DEFICIENCY PAYMENTS FOR
WHEAT, FEED, GRAINS, RICE, AND COTTON.

(a) Limitation.--The total Commodity Credit Corporation outlays for
deficiency payments for wheat, feed, grains, rice and cotton for the
crop year 1996 through 2000 may not exceed--
(1) for fiscal year 1996, 88 percent of the projected
Congressional Budget Office baseline of $6,556,000,000;
(2) for fiscal year 1997, 70 percent of the projected
Congressional Budget Office baseline of $6,525,000,000;
(3) for fiscal year 1998, 53 percent of the projected
Congressional Budget Office baseline of $6,936,000,000;
(4) for fiscal year 1999, 40 percent of the projected
Congressional Budget Office baseline of $6,921,000,000;
(5) for fiscal year 2000, 23 percent of the projected
Congressional Budget Office baseline of $6,671,000,000;
(b) Proration of Payments.--In any crop year before deficiency
payments are terminated under section 2, if the total Commodity Credit
Corporation obligations for such payments are projected to exceed the
applicable spending limit specified in subsection (a), the Secretary of
Agriculture shall prorate deficiency payments to recipients to meet
such spending limit.

SEC. 7. SENSE OF CONGRESS REGARDING INCLUSION OF AGRICULTURAL
COMMODITIES AND PRODUCTS IN TRADE EMBARGOES.

It is the sense of Congress that trade embargoes, which include
agricultural commodities and products produced in the United States
among the prohibited items, should not used as a tool of United States
foreign policy unless the embargo is directed against a country, the
government of which the Secretary of State has determined, for purposes
of section 6(j)(1) of the Export Administration Act of 1979 (50 U.S.C.
App. 2405(6)(j)(1)), has repeatedly provided support for acts of
international terrorism.

SEC. 8. REPORT ON FEASIBILITY OF PRIVATE REVENUE INSURANCE.

Not later than six months after the date of the enactment of this
Act, the Secretary of Agriculture shall submit to Congress a report
evaluating the feasibility of using revenue insurance for agricultural
producers provided through the private sector as an alternative to the
continued use of price support loans, deficiency payments, and other
methods to provide income support to producers.
Student:
Farm Freedom Act of 1995 - Extends and reduces target prices for wheat, feed grains (corn, oats, grain sorghums, barley), rice, and cotton. Eliminates deficiency payments and marketing loans for such crops beginning with crop year 2001.
Eliminates acreage reduction programs and 0-85 and 50-85 programs beginning with crop year 1999.
Amends the Food Security Act of 1985 to: (1) impose specified income limitations on price support program participation; and (2) reduce producer deficiency and acreage diversion payments.
Sets forth Commodity Credit Corporation deficiency payment budgetary limitations.
Expresses the sense of the Congress against the use of U.S. agricultural commodities in trade embargoes, except for cases of state-supported terrorism.
Directs the Secretary of Agriculture to report on the feasibility of agricultural producer private revenue insurance.