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Acreage Reduction Program: Difference between revisions
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|OrgSponsor=U.S. Department of Agriculture | |OrgSponsor=U.S. Department of Agriculture | ||
|CreationLegislation=Agricultural Adjustment Act of 1933 | |CreationLegislation=Agricultural Adjustment Act of 1933 | ||
| | |Purpose=The Acreage Reduction Program aimed to reduce crop surpluses and stabilize agricultural commodity prices by idling portions of farmland, thereby reducing production during times of surplus. It sought to balance supply with demand to prevent price drops due to overproduction. | ||
}} | }} | ||
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 program]]s (in order to be eligible for [[nonrecourse loan]]s and [[deficiency payment]]s) 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. | 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 program]]s (in order to be eligible for [[nonrecourse loan]]s and [[deficiency payment]]s) 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. | ||