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- Production_flexibility_contract abstract "In the United States, a production flexibility contract is a 7-year contract covering crop years 1996-2002, authorized by the 1996 farm bill (P.L. 104-127) between the Commodity Credit Corporation (CCC) and farmers, which makes fixed income support payments. Farmers were given production flexibility and diversification options on their contract acres not previously allowed on base acres. Each farm’s total payment was the payment rate times the payment quantity for participating base acres. In exchange for annual fixed payments, the owner or operator agreed to comply with the applicable conservation plan for the farm, the wetland protection requirements currently in law, and the constraints on growing fruits and vegetables on contract acres. Land enrolled in a contract had to be maintained in an agricultural or related activity. The law stated that not more than $35.6 billion would be paid over the 7-year period, in declining annual amounts from $5.3 billion in FY1996 to $4.0 billion in FY in 2002. The annual payments were allocated among commodities similar to historical deficiency payments, with 53.6% going to feed grains, 26.3% for wheat, 11.6% for upland cotton, and 8.5% for rice. Target prices and deficiency payments, authorized in the 1973 farm bill, were eliminated. The 2002 farm bill (P.L. 101-171, Sec. 1105) replaced this 7-year contract with an annual producer agreement (contract) required for participation in the Direct and Counter-cyclical Program (DCP).".
- Production_flexibility_contract wikiPageID "23616552".
- Production_flexibility_contract wikiPageLength "1836".
- Production_flexibility_contract wikiPageOutDegree "7".
- Production_flexibility_contract wikiPageRevisionID "304350025".
- Production_flexibility_contract wikiPageWikiLink Category:United_States_Department_of_Agriculture.
- Production_flexibility_contract wikiPageWikiLink Commodity_Credit_Corporation.
- Production_flexibility_contract wikiPageWikiLink Direct_and_Counter-Cyclical_Program.
- Production_flexibility_contract wikiPageWikiLink Farm_Security_and_Rural_Investment_Act_of_2002.
- Production_flexibility_contract wikiPageWikiLink Federal_Agriculture_Improvement_and_Reform_Act_of_1996.
- Production_flexibility_contract wikiPageWikiLink Marketing_contract.
- Production_flexibility_contract wikiPageWikiLink Production_contract.
- Production_flexibility_contract wikiPageWikiLinkText "Production flexibility contract".
- Production_flexibility_contract wikiPageWikiLinkText "production flexibility contract".
- Production_flexibility_contract article "Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition".
- Production_flexibility_contract author "Jasper Womach".
- Production_flexibility_contract url "http://ncseonline.org/nle/crsreports/05jun/97-905.pdf".
- Production_flexibility_contract wikiPageUsesTemplate Template:CRS.
- Production_flexibility_contract subject Category:United_States_Department_of_Agriculture.
- Production_flexibility_contract hypernym Contract.
- Production_flexibility_contract type Company.
- Production_flexibility_contract type Ministry.
- Production_flexibility_contract type Redirect.
- Production_flexibility_contract type Source.
- Production_flexibility_contract comment "In the United States, a production flexibility contract is a 7-year contract covering crop years 1996-2002, authorized by the 1996 farm bill (P.L. 104-127) between the Commodity Credit Corporation (CCC) and farmers, which makes fixed income support payments. Farmers were given production flexibility and diversification options on their contract acres not previously allowed on base acres. Each farm’s total payment was the payment rate times the payment quantity for participating base acres.".
- Production_flexibility_contract label "Production flexibility contract".
- Production_flexibility_contract sameAs Q7247827.
- Production_flexibility_contract sameAs m.06zl2h8.
- Production_flexibility_contract sameAs Q7247827.
- Production_flexibility_contract wasDerivedFrom Production_flexibility_contract?oldid=304350025.
- Production_flexibility_contract isPrimaryTopicOf Production_flexibility_contract.