The Payment-in-Kind (PIK) Program
Description:
Despite Federal efforts last year to curb production and dispose of
surpluses, record production and continued high carryover stock levels for
most commodities have depressed farm prices and significantly increased
expected Federal outlays for agricultural price support programs. In an
attempt to bring supply in line with demand, President Reagan announced on
January 11, 1983, that the U.S. Department of Agriculture (USDA) would
implement a payment-in-kind (PIK) program for the 1983 wheat, rice…
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Date:
November 9, 1983
Creator:
McMinimy, Mark
Partner:
UNT Libraries Government Documents Department