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'.
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