H.R.4618 - Agriculture Disaster and Market Loss Assistance Act of 1998105th Congress (1997-1998)
Summary: H.R.4618 — 105th Congress (1997-1998)
Introduced in House (09/24/1998)
TABLE OF CONTENTS:
Title I: Emergency Assistance for Crop and Livestock Feed
Losses Due to Disasters
Title II: Market Loss Assistance
Title III: Administration
Agriculture Disaster and Market Loss Assistance Act of 1998 - Title I: Emergency Assistance for Crop and Livestock Feed Losses Due to Disasters - Directs the Secretary of Agriculture to provide emergency financial assistance to producers with disaster-incurred 1998 or multiyear (1998 and previous) crop year losses.
Requires producers without 1998 crop insurance to purchase insurance for the subsequent two years in order to qualify for such assistance. Requires such producers to pay any liquidated damages.
(Sec. 103) Caps 1998 livestock feed assistance amounts.
Title II: Market Loss Assistance - Directs the Secretary to use specified funds to provide 1998 market loss assistance to certain producers with production flexibility contracts.
Title III: Administration - States that funds to carry out this Act shall be available only to the extent that the President submits to the Congress an official emergency designation budget request.