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Deficiency Payments - Funds provided to producers within the price guarantee system of the Common Agricultural Policy (CAP) to give them a fair price for their produce and labour when their costs are higher than the market prices for their produce. Reference: Professor Derek Urwin, Department of Politics and International Relations, University of Aberdeen, Aberdeen, U.K., http://www.abdn.ac.uk/~pol028/index.htm
Related Terms: Deficiency Payments - international | trade |
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Ver 4, Sep, 1999, Matthew D. Cox, email@example.com
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