Market loss payments

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Term used in the Omnibus Consolidated and Emergency Appropriations Act, FY1999 (P.L. 105-277, October 21, 1998), to describe the one-time $3.1 billion in emergency income support payments authorized for eligible grain, cotton, and dairy farmers. The act states that such funds are to compensate farmers for the loss of 1998 income caused by "regional economic dislocation, unilateral trade sanctions, and the failure of the government to pursue trade opportunities aggressively."

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