More policy changes were made by the
Omnibus Budget Reconciliation Act (OBRA) of 1993 (P.L. 103–66). This law intended to reduce federal farm spending by $3 billion over 5 years by eliminating USDA's authority to waive minimum acreage set-aside requirements for wheat and corn, reducing deficiency payments to farmers participating in the 0/92 and 50/92 programs from 92% to 85% of the normal payment level, reducing the acreage to be enrolled in the
Conservation Reserve Program and
Wetlands Reserve Program, and requiring improvement in the actuarial soundness of the federal crop insurance program. The measure provided for a temporary moratorium on sales of synthetic bovine
growth hormone and reduced the loan rate for
soybeans. It reduced
Market Promotion Program (MPP) funding through fiscal 1997 and provided for a series of significant MPP operational reforms. It also provided for the designation of a series of rural (and urban) empowerment and enterprise zones, eligible for special federal aid and tax credits. ==See also==