TeachMeFinance.com - explain Flex acreage
Flex acreage The term 'Flex acreage ' as it applies to the area of agriculture can be defined as ' The Omnibus Budget Reconciliation Act of 1990 mandated that deficiency payments not be made on 15% of a farmís crop acreage base, called normal flex acres. The acreage could be planted to any program crop (called flexing), but not fruits and vegetables. An additional 10% of the farmís base acreage could be flexed at the option of the operator. Flexing did not diminish the crop acreage base of a farm. The FAIR Act of 1996 effectively provides total flexibility among all commodities, except for fruits and vegetables'.
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