Loan deficiency payments
In United States agriculture policy, loan deficiency payments (LDP) are a farm income support program first authorized by 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
- ^ "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
- Nonrecourse Marketing Assistance Loan and Loan Deficiency Payment Program USDA Fact Sheet (June 2003 PDF)