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Abstract

In the United States, the Farm Security and Rural Investment Act of 2002 (2002 Farm Bill) has been signed into law on May 13, 2002. The law has 10 titles. The 2002 Farm Bill covers from 2002 to 2007. Some features of the bill include various direct payment programs to farmers, maintaining the marketing loan program, and a new dairy support program. This research material summarizes the features of 2002 Farm Bill in comparison with the 1996 Farm Bill features. Since the directions of the U.S. agricultural policy has direct and indirect impacts on Korean agriculture, we have great interest in the changes of American farm policy.

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