Deficiency payment

Deficiency payment

A type of agricultural domestic support, paid by governments to producers of certain commodities and based on the difference between a target price and the domestic market price or loan rate, whichever is the less.

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Part of Speech: noun
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Industry/Domain: Economy
Category: International trade
Organization: WTO
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deficiency payment

Economy; International trade

A type of agricultural domestic support, paid by governments to producers of certain commodities and based on the difference between a target price and the domestic market price ...

deficiency payments

Agriculture; Agricultural programs & laws

Direct government payments made to farmers who participated in an annual commodity program for wheat, feed grains, rice, or cotton, prior to 1996. The crop-specific deficiency ...

loan deficiency payments (LDP)

Financial services; Commodity exchange

The Federal Agriculture Improvement and Reform Act of 1996 (the 1996 FAIR Act) initiated a non-recourse marketing assistance loans and loan deficiency payments (LDP) program for ...

advance deficiency payments

Agriculture; Agricultural programs & laws

Initial payments (ranging from 30 to 50% of the total payment) made to crop producers when they signed up for federal commodity programs. If the total deficiency payment was ...

loan deficiency payments

Agriculture; Agricultural programs & laws

A commodity payment program authorized by the Food Security Act of 1985 that makes direct payments, equivalent to marketing loan gains, to wheat, feed grain, upland cotton, rice, ...

payment

Medical; Medical research

Action or process of paying someone or something, or of being paid.

United Nations Center for International Trade Law (UNCITRAL)

Economy; International trade

An international body that drafts model laws such as the one on government procurement.

Uruguay Round

Economy; International trade

Multilateral trade negotiations launched at Punta del Este, Uruguay in September 1986 and concluded in Geneva in December 1993. Signed by Ministers in Marrakesh, Morocco, in April ...

variable levy

Economy; International trade

Customs duty rate which varies in response to domestic price criterion.

voluntary restraint arrangement (VRA)

Economy; International trade

Bilateral arrangements whereby an exporting country (government or industry) agrees to reduce or restrict exports without the importing country having to make use of quotas, ...

waiver

Economy; International trade

Permission granted by WTO members allowing a WTO member not to comply with normal commitments. Waivers have time limits and extensions have to be justified.

Washington Treaty

Economy; International trade

Treaty for the protection of intellectual property in respect of lay-out designs of integrated circuits.

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