The term farm program payment yield refers to the yield established for a specific crop under federal agricultural programs. Specifically, it is the payment yield set for the 1995 crop of a contract commodity as defined in the Agricultural Market Transition Act. This yield can be adjusted by the Secretary of Agriculture to reflect any additional yield payments made for that crop.
This term is primarily used in agricultural law and policy, particularly in relation to federal farm programs. It plays a crucial role in determining the financial assistance that farmers receive based on their crop yields. Users may find forms related to farm program payments and yield adjustments through resources like US Legal Forms, which offers templates for managing agricultural contracts and applications.
Here are a couple of examples of abatement:
For instance, a farmer who planted corn in 1995 may have a specific payment yield established for that crop. If the Secretary of Agriculture determines that additional payments were made for that corn crop, the original yield may be adjusted accordingly.
The primary statute governing farm program payment yields is the Agricultural Market Transition Act, specifically referenced in 7 USCS § 7202. This act outlines the definitions and regulations surrounding agricultural market transitions and payments.
| Term | Description | Difference |
|---|---|---|
| Payment Yield | The yield used to calculate payments under various programs. | Farm program payment yield is specifically tied to the 1995 crop and federal programs. |
| Contract Commodity | A commodity that is part of a government program. | Farm program payment yield applies only to specific contract commodities defined by law. |
If you are a farmer or involved in agricultural production, it is important to understand how your payment yield is calculated. You may want to review your eligibility for federal assistance programs. Consider using US Legal Forms to access templates for applications or contracts related to farm program payments. If your situation is complex, consulting a legal professional may be beneficial.
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