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TeachMeFinance.com - explain Wool and mohair commodity programs Wool and mohair commodity programs The term 'Wool and mohair commodity programs ' as it applies to the area of agriculture can be defined as ' Income support was provided to producers of wool and mohair under authority of the National Wool Act of 1954, as amended, through 1995. Phase down and termination of the programs was mandated in the omnibus budget reconciliation act enacted November 1, 1993 (P.L. 103-130). Income support was achieved through incentive payments that provided higher benefits to farmers who had more production and/or obtained high market prices'. Previous 5 Terms: Wolf Number wolf tree Wood conversion to Btu Wood energy Wood pellets Next 5 Terms: woolbird WORC, WORC petition Work plan Work-training programs, food stamp Workers Compensation 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.