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Counter-cyclical payment

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This is an old revision of this page, as edited by Niceguyedc (talk | contribs) at 11:31, 22 June 2013 (WPCleaner v1.27 - Repaired 1 link to disambiguation page - (You can help) - Target price). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Counter-cyclical payment (CCP) — Under the Direct and Counter-cyclical Program (DCP) created by the 2002 farm bill (P.L. 101-171, Sec. 1101-1108), counter-cyclical payments are made to participating producers when the marketing year average price received by farmers for a covered commodity is less than the target price. The total payment to a producer is the payment acres (85% of base acres) times the payment rate (target price minus average market price, except not more than the difference between the target price and the sum of the national loan rate and the direct payment rate).

References

  • Public Domain 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.
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