Base (Or Contract) Acreage: A farm’s crop-specific acreage of wheat, feed grains, upland cotton, or rice eligible to enroll in commodity programs under previous legislation, and subsequently eligible for production flexibility contracts under the FAIR Act of 1996. Base acreage equaled land planted for harvest to the crop, plus any land enrolled in Acreage Reduction Programs, plus land considered planted to the crop in zero, 50/85-92 or under permitted normal flex or optional flex acreage during a specified period of time. A farmer’s crop acreage base was reduced by the portion of land placed in the Conservation Reserve Program (CRP), but increased by CRP base acreage leaving the CRP.

 

Related Words

Base (Or Contract) Acreage: A farm’s crop-specific acreage of wheat, feed grains, upland cotton, or rice eligible to enroll in commodity programs under previous legislation, and subsequently eligible for production fle . . . View Full Definition

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

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

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.