Payment Yield Law and Legal Definition

According to 7 USCS § 7901 (Title 7, Agriculture; Chapter 106, Commodity Programs), (A) In general - The term "payment yield" means "the yield established under section 1102 [7 USCS § 7912] for a farm for a covered commodity. (B) Updated payment yield. The term "updated payment yield" means the payment yield elected by the owner of a farm under section 1102(e) [7 USCS § 7912(e)] to be used in calculating the counter-cyclical payments for the farm.”