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TeachMeFinance.com - explain Agricultural Market Transition Act (AMTA) Agricultural Market Transition Act (AMTA) The term 'Agricultural Market Transition Act (AMTA) ' as it applies to the area of agriculture can be defined as ' Title I of the FAIR Act of 1996. It allows farmers who have participated in the wheat, feed grain, cotton, and rice programs in any one of the 5 years prior to 1996 to enter into 7-year production flexibility contracts for 1996-2002. Total national production flexibility contract payments (sometimes called AMTA payments, or contract payments) for each fiscal year are fixed in the law. The AMTA allows farmers to plant 100% of their total contract acreage to any crop except fruits and vegetables, and receive a full payment. Land must be maintained in agricultural uses. Unlimited haying and grazing and planting and harvesting alfalfa and other forage crops are permitted with no reduction in payments'. Previous 5 Terms: Agricultural Credit Association (ACA) Agricultural district Agricultural diversification Agricultural drainage Agricultural Fair Practices Act of 1967 Next 5 Terms: Agricultural Marketing Agreement Act of 1937 Agricultural Marketing Service (AMS) Agricultural pollution Agricultural Quarantine Inspection (AQI) Agricultural Research Service (ARS) About the author 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". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.