TeachMeFinance.com - explain Base (or contract) acreage
Base (or contract) acreage The term 'Base (or contract) acreage ' as it applies to the area of agriculture can be defined as ' A farmís crop-specific acreage of wheat, feed grains, upland cotton, or rice eligible to enroll in commodity programs under previous legislation, and subsequently eligible for production flexibility contracts under the FAIR Act of 1996. Base acreage equaled land planted for harvest to the crop, plus any land enrolled in Acreage Reduction Programs, plus land considered planted to the crop in zero, 50/85-92 or under permitted normal flex or optional flex acreage during a specified period of time. A farmerís crop acreage base was reduced by the portion of land placed in the Conservation Reserve Program (CRP), but increased by CRP base acreage leaving the CRP'.
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