View source for Payment-in-kind

In general, a payment made in the form of CCC-owned commodities (or title to them) in lieu of cash. This form of payment was widely used during the 1980s for [[paid diversion]], [[deficiency payments]], and [[export subsidy]] payments as a means of disposing of or avoiding the acquisition of commodity inventories. PIK [[certificates]] entitled the holder to a specific quantity of commodities. 
[[Category: Agriculture]]
[[Category: Political Science]]