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Farmer-Owned Grain Reserve (FOR): A program, established under the Food and
Agriculture Act of 1977, designed to buffer sharp price movements and to provide
reserves against production shortfalls by allowing wheat and feed grain farmers
to participate in a subsidized grain storage program. Farmers who placed their
grain in storage received an extended nonrecourse loan for at least 3 years.
Under certain conditions, interest on the loan could be waived and farmers could
receive annual storage payments from the government. The FAIR Act of 1996
repealed this program.
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