Acreage Reduction Program (ARP): A no longer authorized annual cropland retirement program for wheat, feed grains, cotton, or rice in which farmers participating in the commodity programs (in order to be eligible for nonrecourse loans and deficiency payments) were mandated to idle a crop-specific, nationally-set portion of their base acreage during years of surplus. The idled acreage (called the acreage conservation reserve) was devoted to a conserving use. The goal was to reduce supplies, thereby raising market prices. Additionally, idled acres did not earn deficiency payments, thus reducing commodity program costs. ARP was criticized for diminishing the U.S. competitive position in export markets. The FAIR Act of 1996 did not reauthorize authority for arps. ARP differed from a set-aside program in that under a set-aside program reductions were based upon current year plantings, and did not require farmers to reduce their plantings of a specific crop.

 

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Acreage Reduction Program (ARP): A no longer authorized annual cropland retirement program for wheat, feed grains, cotton, or rice in which farmers participating in the commodity programs (in order to be eligible for nonrec . . . View Full Definition

Planned Financing Program: Budgeted or projected ways need for reasons or to obtain short-term and long-term financing as outlined in the corporate financial plan.

Planned Capital Expenditure Program: Budgeted or projected outlays for major expenditures on permanent or fixed assets as outlined in the corporate financial plan.

Prevented Planting Acreage: Land on which a farmer intended to plant a program crop or insurable crop, but was unable to because of drought, flood, or other natural disaster. Used in the calculation of disaster payment . . . View Full Definition