Dairy Export Incentive Program
Dairy Export Incentive Program: DEIP. A United States subsidy program first authorized by the 1985 Farm Act. Through this program, the United States Department of Agriculture pays a cash bonus to exporters of some dairy products to allow them to sell these products on world markets for less than they bought them. Payments are made by the Commodity Credit Corporation. Commodities able to benefit from DEIP are milk powder, butter fat, cheddar, mozzarella, Gouda, feta, cream, and processed American cheeses. See also Export Enhancement Program and Farm Security and Rural Investment Act of 2002 which extended the program to 2007.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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