TeachMeFinance.com - explain Certificates (commodity)
Certificates (commodity) The term 'Certificates (commodity) ' as it applies to the area of agriculture can be defined as ' Legal instruments, entitling a qualified bearer to a specific dollar value of USDA surplus commodities. Payment-in-kind (PIK) 'certs' either can specify the types of commodities or be generic. Certificates were heavily used during the 1980s as a means of meeting financial obligations and simultaneously disposing of CCC-owned commodities'.
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