Definition of Diversion payments

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TeachMeFinance.com - explain Diversion payments



Diversion payments

The term 'Diversion payments ' as it applies to the area of agriculture can be defined as ' Payments once but no longer made to farmers who voluntarily reduced their planted acreage of a program crop and devoted the land to a conservation use when a paid acreage diversion was in effect. Also, payments made to dairy producers in the late 1980s under the no longer operating dairy termination program who agreed to reduce their milk marketings below a prescribed level'.

Previous 5 Terms:
Diversion
Diversion capacity
Diversion channel (canal or tunnel)
Diversion dam
Diversion inlet
Next 5 Terms:
Diversity
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Divert
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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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