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TeachMeFinance.com - explain Farm and risk management (FARRM) accounts Farm and risk management (FARRM) accounts The term 'Farm and risk management (FARRM) accounts ' as it applies to the area of agriculture can be defined as ' A proposal that would permit farmers and ranchers to put aside money in good (higher-income) years without having to pay taxes on the savings until it is withdrawn at a later time, presumably in lower-income years when taxable income also would be lower. Bills to create these accounts have been introduced in Congress in recent years'. Previous 5 Terms: FAPRI far infrared farad FARM Farm acreage base Next 5 Terms: Farm bill Farm Credit Act of 1971 Farm Credit Administration (FCA) Farm Credit Banks Farm Credit System (FCS) About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.