Production flexibility contract payment rate

The amount paid to farmers per unit of participating production under the 1996 Farm Bill. A farm's contract acreage and farm program payment yield was established in 1996 during the one-time sign-up period. The national average per-unit payment rate for each crop was calculated annually based on the total amount to be paid out for the crop (largely predetermined by the 1996 Farm Bill), divided by the total contract payment quantity of the commodity for the fiscal year.

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