Covered commodities
Encyclopedia
Covered commodities are crops eligible for the Direct and Counter-cyclical Program
(DCP) under commodity program provisions under the 2002 farm bill (P.L. 101-171, Sec. 1101-1108). These are wheat, corn, grain sorghum, barley, oats, upland cotton, rice, soybeans, and other oilseeds. Peanuts are under the same payments scheme but are not included in the phrase “covered commodities.” Other commodities mandated to receive price support in the 2002 farm bill include extra long staple cotton, wool, mohair, dry peas, lentils, small chickpeas, peanuts, sugar, and milk.
Direct and Counter-Cyclical Program
The Direct and Counter-cyclical Payment Program of the USDA provides payments to eligible producers on farms enrolled for the 2002 through 2007 crop years. There are two types of DCP payments – direct payments and counter-cyclical payments...
(DCP) under commodity program provisions under the 2002 farm bill (P.L. 101-171, Sec. 1101-1108). These are wheat, corn, grain sorghum, barley, oats, upland cotton, rice, soybeans, and other oilseeds. Peanuts are under the same payments scheme but are not included in the phrase “covered commodities.” Other commodities mandated to receive price support in the 2002 farm bill include extra long staple cotton, wool, mohair, dry peas, lentils, small chickpeas, peanuts, sugar, and milk.