Production Flexibility Contract

Business / Agriculture / Production Flexibility Contract: A 7-year contract covering crop years 1996-2002, authorized by the FAIR Act of 1996 between the CCC and farmers, which makes fixed income support payments in place of the previous variable target price deficiency payments. Farmers are given production flexibility and diversification options on their contract acres not previously allowed on base acres. Each farm’s total payment is the payment rate times the payment quantity for participating base acres. In exchange for annual fixed payments, the owner or operator must agree to comply with the applicable conservation plan for the farm, the wetland protection requirements currently in law, and the constraints on growing fruits and vegetables on contract acres. Land enrolled in a contract must be maintained in an agricultural or related activity. The law states that not more than $35.6 billion will be paid over the 7-year period, in declining annual amounts from $5.3 billion in FY1996 to $4.0 billion in FY in 2002. The annual payments are allocated among commodities similar to historical deficiency payments, with 53.6% going to feed grains, 26.3% for wheat, 11.6% for upland cotton, and 8.5% for rice.
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Other Words for Contract

Contract Noun Synonyms: engage, agree, promise, covenant, undertake
Contract Verb Synonyms: catch, acquire, get, come down with, develop, become infected with, go down with
Contract Adjective Synonyms: agreement, understanding, deal, bargain, arrangement, pact, commitment, obligation, compact
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Other Words for Flexibility

Flexibility Verb Synonyms: pliability, pliancy or pliantness, elasticity, resilience or resiliency, suppleness, flexibleness, bendability, limberness, stretch, give, spring, springiness, ductility
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Other Words for Production

Production Noun Synonyms: producing, manufacture, manufacturing, making, fabrication, preparation, origination, creation, output, putting out, development, formation, forming, forging, shaping, moulding, casting, assembly, building, construction
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Peak Contraction

Health / Fitness / Peak Contraction: Exercising a muscle until it cramps by using shortened movements. MORE

Periodic Purchase Deferred Contract

Business / Finance / Periodic Purchase Deferred Contract: A fixed or variable annuity contract for which fixed-amount premiums are paid either monthly or quarterly, and that does not begin paying out until a time elected by the annuitant. MORE

Passage Contract

Life Style / Travel / Passage Contract: Detailed terms of responsibility and accountability found in the cruise ticket. MORE