Payment In Kind PIK Program
Definition
A government program in which farmers who comply with a voluntary acreage-control program and set aside an additional percentage of acreage specified by the government receive certificates that can be redeemed for government-owned stocks of grain.
Related Terms Other terms related to 'Payment In Kind PIK Program' starting with the letter 'P' Pulpit, Put Option, Premium, Producer Price Index PPI, Prime Rate
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