What does LDP mean in Unclassified?
This page is about the meanings of the acronym/abbreviation/shorthand LDP in the Miscellaneous field in general and in the Unclassified terminology in particular.
Loan Deficiency Payments
Submitted by S4Bot on November 21, 2019
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Definition
What does LDP mean?
- Loan deficiency payments
- In United States agriculture policy, Loan deficiency payments are a farm income support program first authorized by the Food Security Act of 1985 (P.L. 99-198) that makes direct payments, equivalent to marketing loan gains, to producers who agree not to obtain nonrecourse loans, even though they are eligible. Loan deficiency payments are available under the 2002 farm bill (P.L. 101-171, Sec. 1205) for wheat, corn, grain sorghum, barley, oats, upland cotton, rice, soybeans, other oilseeds, wool, mohair, honey, dry peas, lentils, and small chickpeas. Producer Option Payment (POP) is the original name for the loan deficiency payment (LDP). This phrase continues to be used by some farmers.
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"LDP." Abbreviations.com. STANDS4 LLC, 2024. Web. 9 Jun 2024. <https://www.abbreviations.com/term/2171595>.
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