1996 Farm Bill

This revolutionary Farm Bill de-linked program support from prices, production and farm practices – elements of supply management that had focused on fair prices for farmers in the marketplace. These changes were designed to coincide new export opportunities following the formation of the WTO and the passage of NAFTA. But the bill proved enormously costly as prices plunged following its passage and Congress was forced to approve multi-year emergency payments to prevent a full-blown farm crisis.  

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