Definition of Commodity programs

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TeachMeFinance.com - explain Commodity programs



Commodity programs

The term 'Commodity programs ' as it applies to the area of agriculture can be defined as ' This term is usually meant to include the commodity price and income support programs administered by the Farm Service Agency and financed by the Commodity Credit Corporation. The commodities now receiving support are: (1) those included in the production flexibility contract payments program, specifically wheat, feed grains, cotton, and rice; (2) those eligible for nonrecourse marketing assistance loans, soybeans and minor oilseeds; (3) those under marketing quota limits, peanuts and tobacco; (4) sugar and milk. A broader term that includes these programs and others is farm programs'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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