>  Term: target price
target price

Price levels established by past law for wheat, corn, grain sorghum, barley, oats, rice, and upland cotton. Prior to 1996, farmers participating in annual federal commodity programs received deficiency payments based on the difference between the target price and the higher of the national market price during a specified time period, or the nonrecourse loan rate. The FAIR Act of 1996 eliminated target prices and replaced deficiency payments with fixed production flexibility contract payments through 2002.

0 0

작성자

  • AjayOwor
  •  (Gold) 1463 포인트
  • 100% positive feedback
© 2024 CSOFT International, Ltd.