Convert the payment into peso equivalent by following this procedure:
Peso equivalent of in-kind = (Total number of local unit of in-kind payment)
x (Price per local unit during the time of payment)
Description
Definition
Total Payment in Non-Cash - non-cash payment maybe in the form of concerned crop/commodity (CC) or other commodities (OC). Payment in kind refers to the peso equivalent of the quantity of production paid for a work done.