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TeachMeFinance.com - explain Triple base plan Triple base plan The term 'Triple base plan ' as it applies to the area of agriculture can be defined as ' 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'. Previous 5 Terms: Trillion Btu trim allowance trinacriform tringoid Trip, reactor Next 5 Terms: Triple Doppler Triple Point Tripod tripolith triskaidekaphobia 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.