TeachMeFinance.com - explain Integrated Farm Management Program (IFMP)
Integrated Farm Management Program (IFMP) The term 'Integrated Farm Management Program (IFMP) ' as it applies to the area of agriculture can be defined as ' A program authorized by the FACT Act of 1990 to assist producers in adopting resource-conserving crop rotations by protecting participantsí base acreage, payment yields, and program payments. The programís goal was to enroll 3 to 5 million acres over 5 years. The FAIR Act of 1996 replaced the IFMP with production flexibility contracts and a pilot conservation farm option program'.
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