Omnibus Budget Reconciliation Act of 1987

The Omnibus Budget Reconciliation Act of 1987 aimed to provide for reconciliation pursuant to section 4 of the concurrent resolution on the budget for the fiscal year 1988. The document also discussed various agricultural programs and adjustments, including the implementation of the producer reserve program, creation of an optional acreage diversion program for wheat and feed grains, prevention of entities qualifying as separate persons, definition of person: eligible individuals and entities, restrictions applicable to cash-rent tenants, payment provisions education program for farm personnel, rules for good faith reliance on official advice, handling of payment limitation disputes, conservation reserve program rules, eligibility of foreign persons, prepayment of rural electrification loans, amendment of the Food Security Act of 1985, creation of the National Economic Commission, Guaranteed Student Loan Program Savings, Medicare and Medicaid provisions, marketing order penalties, family independence demonstration project, and more.