Agricultural Market Transition Act
Title I of the FAIR Act of 1996. It allows farmers who have participated in the wheat, feed grain, cotton, and rice programs in any one of the 5 years prior to 1996 to enter into 7-year production flexibility contracts for 1996-2002. Total national production flexibility contract payments (sometimes called AMTA payments, or contract payments) for each fiscal year are fixed in the law. The AMTA allows farmers to plant 100% of their total contract acreage to any crop except fruits and vegetables, and receive a full payment. Land must be maintained in agricultural uses. Unlimited haying and grazing and planting and harvesting alfalfa and other forage crops are permitted with no reduction in payments.
Selected Agricultural Market Transition Act links:
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