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A deficiency payment is an output subsidy in which the rate per unit of output of a commodity is the difference between an administered price and the market price.

Source Publication:
Agricultural Policies in OECD Countries: Monitoring and Evaluation 2000: Glossary of Agricultural Policy Terms, OECD.

Statistical Theme: Agriculture and fisheries statistics - Agricultural policy indicators

Created on Tuesday, September 25, 2001

Last updated on Monday, November 5, 2001