Wool, Mohair and Other Programs 2002 Farm Bill Education Conference Kansas City, Missouri May 20-21, 2002 David P. Anderson Texas A&M University

Wool and Mohair Program Provides a marketing loan or loan deficiency payment based on a loan rate of: –$1.00 per pound for graded wool –$0.40 per pound for non-graded wool –$4.20 per pound for mohair –$0.40 per pound for unshorn pelts

Wool and Mohair Program Graded Wool –Objectively measured by core test –Fiber diameter and yield 2002 LDPs –Wool, mohair shorn and sold before farm bill passed –Keep sales receipt –LDP paid based on date producer lost beneficial interest

Pulse Crops CropsCurrent2002 – Dry Peas ($/cwt)N\A Lentils ($/cwt)N\A Small Chickpeas ($/cwt)N\A Dry Peas, Lentils, Small Chickpeas Marketing Loan and LDPs – –Rates based on feed pea prices, no. 3 lentils and 20/64 chickpea screen

Honey Program Provides a marketing loan or loan deficiency payment based on a loan rate of $0.60 per pound Almost no detail on this program Leaving a lot to FSA to determine

Sugar Program Sweetened Up the Pot ! Eliminates Marketing Assessment Reduces CCC Interest Rates Authorizes Payment-In-Kind Authorizes Marketing Allotments Eliminates 1 Cent Loan Forfeiture Penalty

Sugar Program Loan Rates Remain $0.18 and $0.229 for cane and beets Marketing Allotments Allocated to Processors Provisions for Establishing Base Acres for Sugarcane Producers

Apples Money for you, Money for me …. Market Loss Assistance $94 million for FY 2002 for Losses in 2000 Crop Year Paid on Year 2000 production or up to 5 million pounds of apples