Contract Acreage: Enrolled 1996 commodity base acreage under the FAIR Act of 1996 for wheat, feed grains, upland cotton, and rice (generally fixed for 1996 through 2002). A farmer may voluntarily choose to reduce contract acreage in subsequent years. Land leaving the CRP may be entered into a production flexibility contract if the land was previously commodity base acreage.

 

Related Words

Contract Acreage: Enrolled 1996 commodity base acreage under the FAIR Act of 1996 for wheat, feed grains, upland cotton, and rice (generally fixed for 1996 through 2002). A farmer may voluntarily choose to re . . . View Full Definition

Contract Payments Under AMTA: Some $36 billion in payments to be made to farmers for contract crops for fiscal years 1996-2002 under Title I of the FAIR Act of 1996, known as the Agricultural Market Transition Act (AMTA) . . . View Full Definition

Nexus (Of Contracts): A set or collection of something.

No Capacity To Contract: The inability of a person to enter into a valid contract under any circumstances. Such inability can arise when a person has been adjudicated insane or is an officer of a corporation who is . . . View Full Definition