Acreage allotment
Encyclopedia
Under provisions of permanent commodity price support law, a farm’s acreage allotment is its share, based on its previous production, of the national acreage needed to produce sufficient supplies of a particular crop. Under the 2002 farm bill (P.L. 101-171, Title I), acreage allotments are not applicable to the covered commodities
, peanuts, or sugar. Subsequently, allotments and quotas and price support for tobacco were eliminated beginning in 2005 (P.L. 108-357, Title VI).
Covered commodities
Covered commodities are crops eligible for the Direct and Counter-cyclical Program under commodity program provisions under the 2002 farm bill . These are wheat, corn, grain sorghum, barley, oats, upland cotton, rice, soybeans, and other oilseeds...
, peanuts, or sugar. Subsequently, allotments and quotas and price support for tobacco were eliminated beginning in 2005 (P.L. 108-357, Title VI).