Acreage Base (Or Base Acres): A farm’s average planted acreage for a specific crop over the previous five years (for wheat or feed grains) or three years (for cotton or rice), plus land not planted because of certain acreage reduction or diversion programs. Commodity acreage bases were eliminated by the FAIR Act of 1996.

 

Related Words

Acreage Base (Or Base Acres): A farm’s average planted acreage for a specific crop over the previous five years (for wheat or feed grains) or three years (for cotton or rice), plus land not planted because of certain acr . . . View Full Definition

Nucleotide Base: A heterocyclic nitrogen-containing base that is a constituent of nucleotides. Examples are adenine, guanine, thymine, uracil, and cytosine.

Oil-Based Paint: Any paint made with a drying oil, such as linseed, soya or tung oil. With oil based paints you must use mineral spirits or paint thinner as the thinning agent.

Open Reading Frame (ORF): The sequence of dna or rna located between the start-code sequence (initiation codon) and the stop-code sequence (termination codon).

Operating Profit (Or Loss): Revenue from a firm's regular activities less costs and expenses and before income deductions.

Note (Original Note): A document signed by the borrower of a loan and stating the loan amount, the interest rate, the time and method of repayment and the obligation to repay. The note serves as evidence of the d . . . View Full Definition

Normal Flex Acreage: 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 pay . . . View Full Definition

Net Income (Or Net Loss): A measure of the overall performance of a business entity: equal to revenues minus expenses for the period.

Nitrate Base: Was an early flexible film support which was highly inflammable.

Nitrogenous Base: A nitrogen-containing molecule having the chemical properties of a base. Dna contains the nitrogenous bases adenine (a), guanine (g), cytosine (c), and thymine (t).