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No net cost
A provision requiring that a price support programme be operated at no cost to the federal government. The No-Net-Cost Tobacco Act of 1982 required the participants in the 1982 and subsequent year tobacco programmes to pay an assessment to cover potential losses in operating the tobacco price support program. The Food Security Act of 1985 required that USDA operate the sugar programme at no cost. This provision applied through the 1996 crop year for the sugar crops, and was repealed by the FAIR Act of 1996. The 1996 changes to the peanut programme are designed to ensure that it also operates at no cost.
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Agriculture
- Category: Agricultural programs & laws
- Company: USDA
- Product:
- Acronym-Abbreviation:
Other Languages:
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