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Science / Geology / Acreage: An area, measured in acres, that is owned or controlled by one or more owners or lessees. “Gross Acreage” is the entire geographic area under control. “Net Acreage” is the gross acreage multiplied by the fractional share of any individual owner or lessee.
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Business / Agriculture / 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 MORE
Business / Agriculture / Farm Acreage Base: The total of the crop acreage bases (wheat, feed grains, cotton, and rice) for a farm for a year, the average acreage planted to soybeans and other non-program crops, and the average acreage devoted t 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
Business / Agriculture / Flex Acreage: The Omnibus Budget Reconciliation Act of 1990 mandated that deficiency payments not be made on 15% of a farm’s crop acreage base, called normal flex acres. The acreage could be planted to any progra MORE
Business / Agriculture / Normal Crop Acreage: The acreage on a farm normally devoted to a group of designated crops. When a set-aside program is in effect, a participating farm’s total planted acreage of such designated crops plus set-aside acr MORE