U.S. Department of Commerce

Federal, State, and Local Governments
Government Finance and Employment Classification Manual

FUNCTION CODE:   53 NAME:    Farm Income Stabilization (Federal Only)
SECTOR:    General APPLIES TO:    Finance |X|    Employment | |
PUBLICATION CATEGORIES:    Environment and Housing; Natural Resources; Agriculture
DEFINITION:    Federal Government programs to stabilize, support, and protect farm income and prices through commodity loans, purchases, and payments, production limits, and crop insurance.
EXAMPLES:   Comprises these activities of the U.S. Department of Agriculture: Commodity Credit Corporation (CCC); Agricultural Stabilization and Conservation Service (which administers much of the CCC's commodities program as well as related land use programs designed for voluntary production adjustment, resource protection, and price and farm income stabilization); the Federal Crop Insurance Corporation (which seeks to improve agricultural economic stability through a system of crop insurance covering losses from natural hazards); and purchase of commodities for child nutrition programs.
EXCLUSIONS:   Extensions of loans themselves (nonexpenditures); sale or provision of agricultural commodities to other countries, such as Food for Progress (PL 480) and Food for Peace programs (report at National Defense and International Relations, code 06); transfer of funds from the CCC to the Agricultural Stabilization and Conservation Service (an intragovernmental transfer); conservation programs unrelated to price or income support; agricultural credit programs unrelated to farm income stabilization (report at Farm Credit Programs, code 51).
REFERENCES: - To be added later -
OTHER NOTES:   This function applies solely to Federal Government expenditures; report any related Federal employment data at Other Natural Resources, code 59).
  General Purpose Governments
EXPENDITURES, DIRECT: Federal StateD.C. Large City-County Other LocalSpecial District
E53 Current Operations Y NN N NN
I53 Assistance and Subsidies Y NN N NN
F53 Construction Y NN N NN
G53 Land & Existing Structures Y NN N NN
K53 Equipment Y NN N NN
L53 State Y NN N NN
M53 Locals, NEC Y NN N NN
* Shows whether data are collected (Y) or not (N) for that type.

(1) Except State of Hawaii