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Deficiency payments

Owned by Dennis Daggett (Deactivated)
2018-02-17
1 min read

Direct government payments made prior to 1996 to farmers who participated in an annual commodity program for wheat, feed grains, rice, or cotton. The crop-specific payment rate for a particular crop year was based on the difference between an established target price and the higher of the commodity loan rate or the national average market price for the commodity during a specified time period. Deficiency payments are not the same as loan deficiency payments.

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