Set-Aside

Business / Finance / Set-Aside: A percentage of a municipal or corporate bond underwriting that is allocated for handling by a minority-owned broker/dealer firm.

Set-Aside Program

Business / Agriculture / Set-Aside Program: A program (not used since the late 1970s) under which farmers are required to set aside a certain percentage of their total planted acreage and devote this land to approved conservation uses (such as MORE

Acreage Limitation

Business / Agriculture / Acreage Limitation: With respect to commodity policy, acreage limitation might refer to planting constraints under an acreage reduction program, set-aside, or paid land diversion. In relation to water policy, it is the m MORE

Paid Diversion

Business / Agriculture / Paid Diversion: A program, repealed by the FAIR Act of 1996, under which farmers were paid to voluntarily take acreage out of production. The diverted land was devoted to approved conservation practices. Unlike acrea MORE

Normal Crop Acreage

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

Supply Control Programs

Business / Agriculture / Supply Control Programs: Any of several government programs to influence the supply of farm products on the market. Some, such as acreage allotments and marketing quotas, are considered mandatory, in that farmers who produce MORE

Acreage Reduction Program (ARP)

Business / Agriculture / Acreage Reduction Program (ARP): 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 loan MORE

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