Contract acreage
Contract acreage — Base acres enrolled annually in the Direct and Counter-cyclical Program authorized by the 2002 farm bill for covered commodities during crop years 2002 through 2007. Previously, the 1996 farm bill authorized 7-year production flexibility contracts, which guaranteed fixed direct payments but not counter-cyclical target price deficiency payments. The new law uses the term agreement rather than contract, but farmers must sign a Direct and Counter-cyclical Program Contract.
