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TeachMeFinance.com - explain Incentive payments Incentive payments The term 'Incentive payments ' as it applies to the area of agriculture can be defined as ' Direct payments made to producers of wool and mohair, which were similar to deficiency payments made to producers of grains and cotton. The incentive payment rate was the percentage needed to bring the national average return to producers (the market price plus the incentive payment) up to the annually set national support price. Each producer’s direct payment was the payment rate times the market receipts. Producers with higher market receipts got larger support payments. This created an incentive to increase output and to improve quality. The wool and mohair commodity programs ended after the 1995 marketing year as required by P.L. 103-130'. Previous 5 Terms: Inadvertent power exchange Inappropriate Utilization Incandescent lamp Incandescent light bulbs, including regular or energy-efficient light bulbs- incarnadine Next 5 Terms: Incentives Demand-Side Management (DSM) program assistance Inch-Degrees Inches of Mercury Inches of Runoff Incidence About the author 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". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.