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TeachMeFinance.com - explain Posted county price (PCP) Posted county price (PCP) The term 'Posted county price (PCP) ' as it applies to the area of agriculture can be defined as ' This price is calculated for wheat and feed grains for each county by the Farm Service Agency. The PCP reflects changes in prices in major terminal grain markets (of which there are 18 in the country), corrected for the cost of transporting grain from the county to the terminal. It is utilized under the marketing loan repayment provisions and loan deficiency payment provisions of the wheat and feed grains commodity programs. Rice and cotton use an adjusted world price as the proxy for local market prices'. Previous 5 Terms: Positive-tilt Trough Positron posology Possession-only license Postage Stamp Next 5 Terms: Posted operating instructions Post-FIRM Building Post-Flare Loops Postharvest postholith 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.