Commodity Credit Corporation June 30, 2008 – Federal Register Recent Federal Regulation Documents

As announced by this notice, the Commodity Credit Corporation (CCC) is implementing the provisions of the Food, Conservation, and Energy Act of 2008 (the 2008 Farm Bill) regarding direct and counter- cyclical payments for the 2008 crop year. The 2008 Farm Bill authorizes direct and counter-cyclical payments, with some changes, that were previously authorized for preceding crops under the Farm Security and Rural Investment Act of 2002 (the 2002 Farm Bill). As a result of this notice, CCC will be able to commence administration of the Direct and Counter-cyclical Program (DCP) for the 2008 crop. Through a subsequent rule, CCC will implement DCP for the 2009 through 2012 crops.