Production flexibility contract payments
- Dennis Daggett (Deactivated)
Payments during 1996-2002 to farmers who enrolled "contract acreage," under Title I, Subtitle B (also titled the Agricultural Market Transition Act, thus the use of AMTA payments as an alternative name for PFC payments) of the 1996 Farm Bill in a one-time sign-up in 1996. The annual total amount, specified in legislation, was allocated to specific crops (wheat, rice, feed grains, and upland cotton) based on percentage allocation factors established in the 1996 Act. Each participating producer of a contract crop received payments determined by multiplying their production flexibility contract payment quantity by the national average production flexibility contract payment rate (see below). Farmers could plant 100 percent of their total contract acreage to any crop, except for limitations on fruits and vegetables, production flexibility contract payments were replaced with direct payments under the 2002 Farm Bill.
Authorization Path: 1.1.1.1.55.0