TeachMeFinance.com - explain Loan deficiency payments
Loan deficiency payments The term 'Loan deficiency payments ' as it applies to the area of agriculture can be defined as ' A commodity payment program authorized by the Food Security Act of 1985 that makes direct payments, equivalent to marketing loan gains, to wheat, feed grain, upland cotton, rice, or oilseed producers who agree not to obtain nonrecourse loans, even though they are eligible. Loan deficiency payments are available under the FAIR Act of 1996'.
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