TeachMeFinance.com - explain Arable land
Arable land The term 'Arable land' as it applies to the area of reclamation can be defined as ' Land which when farmed in adequate size units for the prevailing climatic and economic setting, and provided with the essential on-farm improvements of removing vegetation, leveling, soil reclamation, drainage, and irrigation related facilities, will generate sufficient income under irrigation to pay all farm production expenses; provide a reasonable return to the farm family's labor, management, and capital; and at least pay the operation, maintenance, and replacement costs of associated irrigation and drainage facilities'.
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