In United States agriculture policy, loan deficiency payments (LDP) are a farm income support program first authorized by the Food Security Act of 1985 (P.L. 99-198) that makes direct payments, equivalent to marketing loan gains, to producers who agree not to obtain nonrecourse loans, even though they are eligible. Loan deficiency payments are available under the 2002 farm bill (P.L. 101-171, Sec. 1205) for wheat, corn, grain sorghum, barley, oats, upland cotton, rice, soybeans, other oilseeds, wool, mohair, honey, dry peas, lentils, and small chickpeas.[1]
Producer Option Payment (POP) is the original name for the loan deficiency payment (LDP). This phrase continues to be used by some farmers.
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Nonrecourse Marketing Assistance Loan and Loan Deficiency Payment Program USDA Fact Sheet (June 2003 PDF)
August 25, 2023
loan, deficiency, payments, united, states, agriculture, policy, loan, deficiency, payments, farm, income, support, program, first, authorized, food, security, 1985, that, makes, direct, payments, equivalent, marketing, loan, gains, producers, agree, obtain, n. In United States agriculture policy loan deficiency payments LDP are a farm income support program first authorized by the Food Security Act of 1985 P L 99 198 that makes direct payments equivalent to marketing loan gains to producers who agree not to obtain nonrecourse loans even though they are eligible Loan deficiency payments are available under the 2002 farm bill P L 101 171 Sec 1205 for wheat corn grain sorghum barley oats upland cotton rice soybeans other oilseeds wool mohair honey dry peas lentils and small chickpeas 1 Producer Option Payment POP is the original name for the loan deficiency payment LDP This phrase continues to be used by some farmers References Edit Welcome to Benefits gov Benefits gov www benefits gov Retrieved 2013 07 01 This article incorporates public domain material from Jasper Womach Report for Congress Agriculture A Glossary of Terms Programs and Laws 2005 Edition PDF Congressional Research Service External links EditNonrecourse Marketing Assistance Loan and Loan Deficiency Payment Program USDA Fact Sheet June 2003 PDF Retrieved from https en wikipedia org w index php title Loan deficiency payments amp oldid 1131857273, wikipedia, wiki, book, books, library,
