104-127) between the Commodity Credit Corporation (CCC) and farmers, which makes fixed income support payments.
In exchange for annual fixed payments, the owner or operator agreed 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 had to be maintained in an agricultural or related activity.
The annual payments were 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.
Target prices and deficiency payments, authorized in the 1973 farm bill, were eliminated.