Definition of Normal flex acreage

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TeachMeFinance.com - explain Normal flex acreage



Normal flex acreage

The term 'Normal flex acreage ' as it applies to the area of agriculture can be defined as ' A provision of the Omnibus Budget Reconciliation Act of 1990 requiring a mandatory 15% reduction in payment acreage. Under this provision, producers were ineligible to receive deficiency payments on 15% of their crop acreage base (not including any acreage removed from production under any production adjustment program). Producers, however, were allowed to plant any crop on this acreage, except fruits, vegetables, and other prohibited crops. Normal flex acreage no longer exists under the FAIR Act of 1996'.

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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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