Charles W. Stenholm: “title I includes the provisions from the Senate-passed farm bill: Restores the rice payment, eliminates the peanut loan…”

“title I includes the provisions from the Senate-passed farm bill: Restores the rice payment, eliminates the peanut loan rate penalty, provides oilseed market loans at 85 percent, retains current dairy law but prohibits the collection of assessments in calendar year 1996. A refund is provided for those already collected. Requires contract acres to be devoted to agricultural uses, allows operators to sign for contracts, CRP equipment, at the same time but only if already eligible for CRP. Summary of the trade title: It includes the Roth amendment as approved by the House. It reauthorizes market promotion export enhancement, exports credit guarantees, food for progress, farmer to farmer and food aid programs, provides greater flexibility in the administration of export programs. Promotes export of dairy products to the maximum extent possible consistent with WTO commitments, increases the amount and variety of food that may be drawn each year from emergency reserves. In the conservation title: It includes the CRP Program as authorized under the House-passed version today, exactly the CRP as was approved by the full House. It also includes a wetlands reserve program, an environmental quality incentive program better known as EQIP. It also provides under subtitle B, Conservation Funding: CCC funding is authorized for CRP, WRP, and EQIP. In EQIP, 50 percent of the funding is targeted to livestock producers.”