TeachMeFinance.com - explain Permitted acreage
Permitted acreage The term 'Permitted acreage ' as it applies to the area of agriculture can be defined as ' The acreage on which a farm program participant is permitted to grow a program crop after satisfying acreage reduction requirements. For example, when a 10% acreage reduction program is in effect for wheat, a farmer with a 100-acre wheat base may grow wheat on 90 acres, the permitted acres. Limits on production are eliminated by the FAIR Act of 1996 through the year 2002'.
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