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TeachMeFinance.com - explain Farmer-Owned Grain Reserve (FOR) Farmer-Owned Grain Reserve (FOR) The term 'Farmer-Owned Grain Reserve (FOR) ' as it applies to the area of agriculture can be defined as ' A program, established under the Food and Agriculture Act of 1977, designed to buffer sharp price movements and to provide reserves against production shortfalls by allowing wheat and feed grain farmers to participate in a subsidized grain storage program. Farmers who placed their grain in storage received an extended nonrecourse loan for at least 3 years. Under certain conditions, interest on the loan could be waived and farmers could receive annual storage payments from the government. The FAIR Act of 1996 repealed this program'. Previous 5 Terms: Farm size Farm to retail price spread Farm use Farmed wetlands Farmer Mac (Federal Agricultural Mortgage Corporation) Next 5 Terms: Farmers Home Administration (FmHA) Farmers Market Nutrition Program Farmland Farmland protection Farmland Protection Program (FPP) 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.