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 Henningsskatter

link 13.05.2007 14:35 
Subject: efficiency payment econ.
Доброго времени суток,
here comes the context:
Cotton farmers are guaranteed 52 cents on base quality cotton for every pound. Whenever the adjusted world price is down lower than that loan price of 52 cents, what's calle an efficiency payment is made. Currently with the world price at around 34 cents, that means 18 cents a pound in support brings the price to the farmer back to a base price 52 cents.

Thanks a lot.

 

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