TeachMeFinance.com - explain Program yield
Program yield The term 'Program yield ' as it applies to the area of agriculture can be defined as ' The farm commodity yield of record, determined, in general, by averaging the yield of a particular commodity for the past 5 years, dropping the high and low years. This yield was used in calculating deficiency payments under prior laws, for example, and for calculating contract payments for production flexibility contracts under the FAIR Act of 1996. Program yields remained frozen at their 1985 levels from that date forward'.
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