Business / Agriculture / Acreage Allotment: Under provisions of permanent commodity price support law, a farm’s acreage allotment is its share, based on its previous production, of the national acreage needed to produce sufficient supplies of a particular crop. Under the FAIR Act of 1996, acreage allotments are not applicable to the contract commodities, peanuts, or sugar. However, acreage allotments still apply to tobacco.
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Allotment Noun Synonyms: share, apportionment, ration, portion, quota, allowance, measure
Business / Agriculture / Marketing Quotas (Or Allotments): Authorized by the Agricultural Adjustment Act of 1938, these quotas (sometimes called poundage quotas) limit marketings of certain commodities. The marketing quota, which must be approved by at least MORE
Business / Agriculture / National Farm Program Acreage: The number of harvested acres of feed grains, wheat, and cotton needed nationally to meet domestic and export use and to accomplish any desired increase or decrease in carryover levels. The acreage ba MORE