TeachMeFinance.com - explain Acreage base (or base acres)
Acreage base (or base acres) The term 'Acreage base (or base acres) ' as it applies to the area of agriculture can be defined as ' A farmís average planted acreage for a specific crop over the previous five years (for wheat or feed grains) or three years (for cotton or rice), plus land not planted because of certain acreage reduction or diversion programs. Commodity acreage bases were eliminated by the FAIR Act of 1996'.
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