An Initial Assessment of the Payment-in-Kind Program
by Economic Research Service
Administrative Publication No. (AP-039) 24 pp, April 1983
Weak domestic demand, the first drop in exports in more than a decade, and large farm surpluses placed significant downward pressure on commodity prices and farm incomes and created the potential for large government outlays. The payment-in-kind (PIK) program was designed to idle substantial acreage without increasing government program costs. This report provides an assessment of the PIK program on production, prices, and incomes.
Keywords: payment-in-kind, PIK, acreage reduction, program costs, farm income, commodity prices
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