Definition of Acreage allotment

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TeachMeFinance.com - explain Acreage allotment



Acreage allotment

The term 'Acreage allotment ' as it applies to the area of agriculture can be defined as ' Under provisions of permanent commodity price support law, a farmís acreage allotment is its share, based on its previous production, of the national acreage needed to produce sufficient supplies of a particular crop. Under the FAIR Act of 1996, acreage allotments are not applicable to the contract commodities, peanuts, or sugar. However, acreage allotments still apply to tobacco'.

Previous 5 Terms:
Acquisition costs, mineral rights
ACR
ACR
Acre
Acre (ac)
Next 5 Terms:
Acreage base (or base acres)
Acreage conservation reserve
Acreage diversion programs
Acreage limitation
Acreage Reduction Program (ARP)




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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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