Findley Payments

Business / Agriculture / Findley Payments: Under the so-called Findley Provision authorized by the Food Security Act of 1985 (and first sponsored by former Congressman Paul Findley), USDA was able to reduce the basic, formula-set nonrecourse loan rate for major crops by up to an additional 20% if that was necessary to keep the United States competitive in international markets. If done, direct compensatory payments were made to producers equal to the amount of the loan rate reduction. These 'Findley Payments,' limited to $200,000 per person, essentially added to the larger direct deficiency payment. The Findley provisions are superseded by the marketing loan repayment provisions of the FAIR Act of 1996.

Market Transition Payments

Business / Agriculture / Market Transition Payments: Referred to variously as AMTA payments, contract payments, or production flexibility contract payments made to farmers under Title I (the Agriculture Market Transition Act (AMTA)) of the FAIR Act of 1 MORE

Payments In Lieu Of Taxes (PILT)

Business / Agriculture / Payments In Lieu Of Taxes (PILT): A program administered by the Bureau of Land Management of the Department of the Interior to compensate counties for the tax-exempt status of federal lands: the fixed payments per entitlement acre (on MORE

Market Loss Payments

Business / Agriculture / Market Loss Payments: Term used in the Omnibus Consolidated and Emergency Appropriations Act, FY1999 (P.L. 105-277, October 21, 1998), to describe the one-time $3.1 billion in emergency income support payments authorized f MORE

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