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Normal Flex Acres
In United States agricultural law, Normal flex acreage was a provision of the Omnibus Budget Reconciliation Act of 1990 requiring a mandatory 15% reduction in payment acreage. Under this provision, producers were ineligible to receive deficiency payments on 15% of their crop acreage base (not including any acreage removed from production under any production adjustment program). Producers, however, were allowed to plant any crop on this acreage, except fruits, vegetables, and other prohibited crops. Flex acreage was eliminated by the 1996 farm bill (P.L. 104-127). See also *Triple base plan In United States agricultural policy, the triple base plan, also called the flexible base plan, is a proposal under which farmers who raise program crops would receive program payments only on a certain percentage of their permitted acreage. A prod ... References *{{CRS, article = Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition, url = http://ncseonlin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payment Acreage
A payment is the voluntary tender of money or its equivalent or of things of value by one party (such as a person or company) to another in exchange for goods, or services provided by them, or to fulfill a legal obligation. The party making the payment is commonly called the payer, while the payee is the party receiving the payment. Payments can be effected in a number of ways, for example: * the use of money, cheque, or debit, credit, or bank transfers, whether through mobile payment or otherwise * the transfer of anything of value, such as stock, or using barter, the exchange of one good or service for another. In general, payees are at liberty to determine what method of payment they will accept; though normally laws require the payer to accept the country's legal tender up to a prescribed limit. Payment is most commonly effected in the local currency of the payee unless the parties agree otherwise. Payment in another currency involves an additional foreign exchange transaction ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Acreage Base
In United States agricultural law, a farm’s base acreage is its crop-specific acreage of wheat, corn, grain sorghum, barley, oats, upland cotton, soybeans, canola, flax, mustard, rapeseed, safflower, sunflowers, and rice eligible to enroll in the Direct and Counter-cyclical Program (DCP) under the 2002 farm bill (P.L. 101-171, Sec. 1101-1108). A farmer’s crop acreage base is reduced by the portion of cropland placed in the Conservation Reserve Program (CRP), but increased by CRP base acreage leaving the CRP. Farmers have the choice of base acreage used to calculate Production Flexibility Contract payments for crop year 2002, or the average of acres planted for crop years 1998 through 2001. See also *Farm acreage base In United States agricultural policy, Farm acreage base referred to the total of the crop acreage bases (wheat, feed grains, cotton, and rice) for a farm for a year, the average acreage planted to soybeans and other non-program crops, and the avera ... Referenc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1996 Farm Bill
The Federal Agriculture Improvement and Reform Act of 1996 (P.L. 104-127), known informally as the Freedom to Farm Act, the FAIR Act, or the 1996 U.S. Farm Bill, was the omnibus 1996 farm bill that, among other provisions, revises and simplifies direct payment programs for crops and eliminates milk price supports through direct government purchases. The law removed the link between income support payments and farm prices. It authorized 7-year production flexibility contract payments that provided participating producers with fixed government payments independent of current farm prices and production. The law specified the total amount of money to be made available through contract payments under production flexibility contracts for each fiscal year from 1996 through 2002. Payment levels were allocated among contract commodities according to specified percentages, generally derived from each commodity’s share of projected deficiency payments for fiscal 1996-2002. The law increas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Triple Base Plan
In United States agricultural policy, the triple base plan, also called the flexible base plan, is a proposal under which farmers who raise program crops would receive program payments only on a certain percentage of their permitted acreage. A producer participating in a federal price support program actually would have three categories of base acres for program purposes: :1) permitted acres on which deficiency payments would be made; :2) permitted acres on which no federal payments would be made, but could be planted to other crops, either specified or unspecified; :3) idled acres (those required to be set aside under acreage reduction rules) where no crops other than those for conservation could be planted. Triple base is another name for what came to be known as normal flex acres. Production flexibility contracts under the 1996 farm bill (P.L. 104-127) and the Direct and Counter-cyclical Program (DCP) agreements under the 2002 farm bill The Farm Security and Rural Investment Ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |