Production Entitlement Guarantee

Definition: production entitlement guarantee

production entitlement guarantee: A proposed alternative to current agricultural subsidy schemes, in which each farmer’s subsidy payment is limited to a fixed proportion of their historical output, with market forces determining any payment on top of this. Abbr PEG. Helpful content: Understanding subsidy schemes and production entitlements can help farmers navigate financial planning and ensure stable income despite market fluctuations.

Originally posted 2005-09-08 02:37:32.

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Alan Nafzger, Ph.D.

Alan Nafzger, Ph.D., is the esteemed Editor-in-Chief of FarmerCowboy.com and a renowned expert in agricultural policy. With a doctorate in political science and a lifelong dedication to farming, Alan brings a unique blend of academic expertise and practical farming experience to his role. His deep understanding of agricultural policy and its impact on farming communities has made him a trusted voice in the field.

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Karl Hoffman, Ph.D.

Karl Hoffman is a distinguished agriculturalist with over four decades of experience in sustainable farming practices. He holds a Ph.D. in Agronomy from Cornell University and has made significant contributions as a professor at Iowa State University. Hoffman’s groundbreaking research on integrated pest management and soil health has revolutionized modern agriculture. As a respected farm journalist, his column “Field Notes with Karl Hoffman” and his blog “The Modern Farmer” provide insightful, practical advice to a global audience. Hoffman’s work with the USDA and the United Nations FAO has enhanced food security worldwide. His awards include the USDA’s Distinguished Service Award and the World Food Prize, reflecting his profound impact on agriculture and sustainability.