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Triple base plan: Also called the flexible base plan.
A proposal under which farmers who raise program crops
would receive program payments only on a certain percentage of their
permitted acreage. A producer participating in a federal
price support program actually would have three
categories of base acres for program purposes: 1)
permitted acres on which deficiency payments would
be made; 2) permitted acres on which no federal payments would be made, but
could be planted to other crops, either specified or unspecified; 3) idled acres
(those required to be set aside under acreage reduction rules) where no crops
other than those for conservation could be planted. Triple base is another name
for what came to be known as normal flex acres.
Production flexibility contracts now have
eliminated the linkage between payments and actual plantings.
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