Definition of Flex acreage

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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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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".


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