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Acreage Reduction Program
In the United States, the Acreage Reduction Program (ARP) is a no-longer-authorized annual cropland retirement program for wheat, feed grains, cotton, or rice in which farmers participating in the commodity programs (in order to be eligible for nonrecourse loans and deficiency payments) were mandated to idle a crop-specific, nationally set portion of their base acreage during years of surplus. The idled acreage (called the acreage conservation reserve) was devoted to a conserving use. The goal was to reduce supplies, thereby raising market prices. Additionally, idled acres did not earn deficiency payments, thus reducing commodity program costs. ARP was criticized for diminishing the U.S. competitive position in export markets. The 1996 farm bill (P.L. 104–127) did not reauthorize ARPs. ARP differed from a set-aside program in that under a set-aside program reductions were based upon current year plantings, and did not require farmers to reduce their plantings of a specific ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cropland Retirement
Agricultural land is typically land ''devoted to'' agriculture, the systematic and controlled use of other forms of lifeparticularly the rearing of livestock and production of cropsto produce food for humans. It is generally synonymous with both farmland or cropland, as well as pasture or rangeland. The United Nations Food and Agriculture Organization (FAO) and others following its definitions, however, also use ''agricultural land'' or as a term of art, where it means the collection of: * '' arable land'' (also known as ''cropland''): here redefined to refer to land producing crops requiring annual replanting or fallowland or pasture used for such crops within any five-year period * ''permanent cropland'': land producing crops which do not require annual replanting * ''permanent pastures'': natural or artificial grasslands and shrublands able to be used for grazing livestock This sense of "agricultural land" thus includes a great deal of land not devoted to agricult ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wheat
Wheat is a grass widely cultivated for its seed, a cereal grain that is a worldwide staple food. The many species of wheat together make up the genus ''Triticum'' ; the most widely grown is common wheat (''T. aestivum''). The archaeological record suggests that wheat was first cultivated in the regions of the Fertile Crescent around 9600 BCE. Botanically, the wheat kernel is a type of fruit called a caryopsis. Wheat is grown on more land area than any other food crop (, 2014). World trade in wheat is greater than for all other crops combined. In 2020, world production of wheat was , making it the second most-produced cereal after maize. Since 1960, world production of wheat and other grain crops has tripled and is expected to grow further through the middle of the 21st century. Global demand for wheat is increasing due to the unique viscoelastic and adhesive properties of gluten proteins, which facilitate the production of processed foods, whose consumption is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Feed Grains
Feed grain is any grain used for livestock feed, including corn, grain sorghum, oats, rye, and barley. These grains and the farms producing them historically have received federal commodity program support in the United States. They qualify for marketing assistance loans, direct payments, and counter-cyclical payments under the 2002 farm bill The Farm Security and Rural Investment Act of 2002, also known as the 2002 Farm Bill, includes ten titles, addressing a great variety of issues related to agriculture, ecology, energy, trade, and nutrition. This act has been superseded by the 200 ....(P.L. 101-171, Title I) References {{DEFAULTSORT:Feed Grain United States Department of Agriculture ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cotton
Cotton is a soft, fluffy staple fiber that grows in a boll, or protective case, around the seeds of the cotton plants of the genus '' Gossypium'' in the mallow family Malvaceae. The fiber is almost pure cellulose, and can contain minor percentages of waxes, fats, pectins, and water. Under natural conditions, the cotton bolls will increase the dispersal of the seeds. The plant is a shrub native to tropical and subtropical regions around the world, including the Americas, Africa, Egypt and India. The greatest diversity of wild cotton species is found in Mexico, followed by Australia and Africa. Cotton was independently domesticated in the Old and New Worlds. The fiber is most often spun into yarn or thread and used to make a soft, breathable, and durable textile. The use of cotton for fabric is known to date to prehistoric times; fragments of cotton fabric dated to the fifth millennium BC have been found in the Indus Valley civilization, as well as fabric remnants date ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rice
Rice is the seed of the grass species '' Oryza sativa'' (Asian rice) or less commonly '' Oryza glaberrima'' (African rice). The name wild rice is usually used for species of the genera '' Zizania'' and ''Porteresia'', both wild and domesticated, although the term may also be used for primitive or uncultivated varieties of '' Oryza''. As a cereal grain, domesticated rice is the most widely consumed staple food for over half of the world's human population,Abstract, "Rice feeds more than half the world's population." especially in Asia and Africa. It is the agricultural commodity with the third-highest worldwide production, after sugarcane and maize. Since sizable portions of sugarcane and maize crops are used for purposes other than human consumption, rice is the most important food crop with regard to human nutrition and caloric intake, providing more than one-fifth of the calories consumed worldwide by humans. There are many varieties of rice and culinary preferences t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commodity Program
In United States federal agricultural policy, the term commodity programs is usually meant to include the commodity price and income support programs administered by the Farm Service Agency and financed by the Commodity Credit Corporation (CCC). The commodities now receiving support are: #those receiving Direct and Counter-cyclical Program (DCP) payments, specifically wheat, corn, grain sorghum, barley, oats, upland cotton, rice, soybeans and other oilseeds, and peanuts; #those eligible for nonrecourse marketing assistance loans, which includes the previous mentioned commodities plus wool, mohair, honey, dry peas, lentils, and small chickpeas; and #those having other unique support, including sugar, and milk. A broader phrase that includes these commodity programs and other assistance is farm programs. See also *Target price *Loan commodity Under the 2002 farm bill (P.L. 101-171, Sec. 1201-1205), the following commodities are eligible for marketing assistance loans and are calle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nonrecourse Loan
Nonrecourse debt or a nonrecourse loan (sometimes hyphenated as non-recourse) is a secured loan (debt) that is secured by a pledge of collateral, typically real property, but for which the borrower is not personally liable. If the borrower defaults, the lender can seize and sell the collateral, but if the collateral sells for less than the debt, the lender cannot seek that deficiency balance from the borrower—its recovery is limited only to the value of the collateral. Thus, nonrecourse debt is typically limited to 50% or 60% loan-to-value ratios, so that the property itself provides "overcollateralization" of the loan. The incentives for the parties are at an intermediate position between those of a full recourse secured loan and a totally unsecured loan. While the borrower is in first loss position, the lender also assumes significant risk, so the lender must underwrite the loan with much more care than in a full recourse loan. This typically requires that the lender have s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deficiency Payment
In the United States, deficiency payments are direct government payments made to farmers who participated in annual commodity programs for wheat, feed grains, rice, or cotton, prior to 1996. *The crop-specific deficiency payment rate was based on the difference between the legislatively set target price and the lower national average market price during a specified time. *The total payment was equal to the payment rate multiplied by a farm's eligible payment acreage and the program payment yield established for the particular farm. In the latter years of the program, farmers could receive up to one-half of their projected deficiency payments at program signup. If actual deficiency payments, which were determined after the crop year, were less than advance deficiency payments, the farmer was required to reimburse the government for the difference, except for zero, 50/85-92 payments. The 1996 farm bill (P.L. 107-171) eliminated deficiency payments and replaced them with production fl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Base Acreage
In United States agricultural law, a farm’s base acreage is its crop-specific acreage of wheat, corn, grain sorghum, barley, oats, upland cotton, soybeans, canola, flax, mustard, rapeseed, safflower, sunflowers, and rice eligible to enroll in the Direct and Counter-cyclical Program (DCP) under the 2002 farm bill (P.L. 101-171, Sec. 1101-1108). A farmer’s crop acreage base is reduced by the portion of cropland placed in the Conservation Reserve Program (CRP), but increased by CRP base acreage leaving the CRP. Farmers have the choice of base acreage used to calculate Production Flexibility Contract 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 for crop year 2002, or the average of acres planted for crop years 1998 through 2001. See also * Farm acreage base Referen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1996 Farm Bill
The Federal Agriculture Improvement and Reform Act of 1996 (P.L. 104-127), known informally as the Freedom to Farm Act, the FAIR Act, or the 1996 U.S. Farm Bill, was the omnibus 1996 farm bill that, among other provisions, revises and simplifies direct payment programs for crops and eliminates milk price supports through direct government purchases. The law removed the link between income support payments and farm prices. It authorized 7-year production flexibility contract payments that provided participating producers with fixed government payments independent of current farm prices and production. The law specified the total amount of money to be made available through contract payments under production flexibility contracts for each fiscal year from 1996 through 2002. Payment levels were allocated among contract commodities according to specified percentages, generally derived from each commodity’s share of projected deficiency payments for fiscal 1996-2002. The law incr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Set-aside
Set-aside was an incentive scheme introduced by the European Economic Community (EEC) in 1988 (Regulation (EEC) 1272/88), to (i) help reduce the large and costly surpluses produced in Europe under the guaranteed price system of the Common Agricultural Policy (CAP); and (ii) to deliver some environmental benefits following considerable damage to agricultural ecosystems and wildlife as a result of the intensification of agriculture. It sought to achieve this by requiring that farmers leave a proportion of their land out of intensive production. Such land is said to be 'set-aside'. History Set-aside became compulsory in 1992 for large arable farmers as part of the MacSharry reform of the Common Agricultural Policy. It was originally set at 15% and reduced to 10% in 1996. Following the introduction of decoupled payments in 2005, farmers who had historically claimed set-aside were awarded a number of set-aside 'entitlements' equivalent to the area they had previously set-aside. In or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Environmental Conservation Acreage Reserve Program
The Environmental Conservation Acreage Reserve Program (ECARP) was a United States umbrella program authorized by the Food, Agriculture, Conservation, and Trade Act of 1990 (P.L. 101–624) that includes the Conservation Reserve Program, and the Wetland Reserve Program. The Federal Agriculture Improvement and Reform Act of 1996 (P.L. 104–127) continued the CRP and WRP and created the Environmental Quality Incentives Program. The goal of the ECARP was to provide long-term protection of environmentally sensitive land. Contracts, easements, and cost-share payments were used to assist landowners and operators of farms and ranches to conserve and enhance soil, water, and related natural resources, including grazing land, wetland, and wildlife habitat. The Farm Security and Rural Investment Act of 2002 (P.L. 107–171, Sec. 2006) replaced ECARP with the Comprehensive Conservation Enhancement Program Comprehensive Conservation Enhancement Program (CCHP): — The 2002 farm bill (P.L. 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
