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How Generic Base Could Be Treated – Update from Don Shurley

With the 2014 farm bill, cotton base on a farm became Generic Base. If you’ll recall, cotton base on a farm was frozen (could not be increased or decreased) but all other bases on the farm (bases of “covered commodities” like corn, soybeans, peanuts, wheat, etc.) could be retained as is or reallocated based on acres planted 2009-2012.
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