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TeachMeFinance.com - explain Findley payments Findley payments The term 'Findley payments ' as it applies to the area of agriculture can be defined as ' Under the so-called Findley Provision authorized by the Food Security Act of 1985 (and first sponsored by former Congressman Paul Findley), USDA was able to reduce the basic, formula-set nonrecourse loan rate for major crops by up to an additional 20% if that was necessary to keep the United States competitive in international markets. If done, direct compensatory payments were made to producers equal to the amount of the loan rate reduction. These 'Findley Payments,' limited to $200,000 per person, essentially added to the larger direct deficiency payment. The Findley provisions are superseded by the marketing loan repayment provisions of the FAIR Act of 1996'. Previous 5 Terms: Financial analysis Financial Data Financial Interchange financing Finding of no significant impact (FONSI) Next 5 Terms: Fines Finger drains Fingerprinting Finished DNA Sequence Finished grade About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.