- Industry: Government
- Number of terms: 41534
- Number of blossaries: 0
- Company Profile:
A geographical site used to establish fixed rates and/or prices for federal milk marketing orders. Generally, rates or prices increase according to the distance from the basing point. The FAIR Act of 1996 authorizes USDA to consider the use of multiple basing points for pricing milk under federal milk orders.
Industry:Agriculture
The difference between the current spot price (or cash price) of a commodity and the price of the nearest futures contract for the same or a related commodity. Basis is usually computed in relation to the futures contract next to expire and may reflect different time periods, product forms, qualities, or locations.
Industry:Agriculture
The possibility of unexpected variation in basis and a resulting loss of expected revenue when a futures contract is liquidated and the commodity sold on the cash market.
Industry:Agriculture
An index of the weighted average annual price for beef cattle, excluding calves, for a 16 western state area as compared with a specific base period equal to 100. This index is used in calculating federal grazing fees.
Industry:Agriculture
A timber sale from national forest lands in which the expected federal revenues are less than the estimated federal expenses to sell the timber.
Industry:Agriculture
A conservation practice or combination of practices designed to maintain agricultural productivity while reducing point- and nonpoint- source water pollution. State water quality agencies (or their designees) determine BMPs to fit local conditions and to make the most efficient use of natural resources and purchased inputs. The term has been defined as generally recognized farmer management practices designed to reduce or prevent contamination of ground water and surface water, erosion, and runoff from cropland, including the use of conservation tillage, no-till, ridge plating, strip tillage, contour farming, strip cropping, irrigation water management, judicious fertilizer application, slow-release fertilizers, soil and tissue testing, and vegetative buffer strips.
Industry:Agriculture
The Foreign Agricultural Service’s report of U.S. agricultural export and import data on Bulk, Intermediate, and Consumer-Oriented (BICO). In addition, the data base includes forest products and edible fish and seafood products. These trade data are further classified among 46 separate product groups. Data are available in both calendar and fiscal year format and for 16 world regions and 35 individual country markets. The BICO data can be accessed at.
Industry:Agriculture
A trade agreement between any two countries. The agreement may be either preferential (the obligations and benefits apply only to the two countries involved) or most-favored-nation (the benefits and obligations negotiated between the two countries are extended to all or most other nations). The U.S.-Israel Free Trade Agreement is one example of a preferential trade agreement.
Industry:Agriculture
This Act is P.L. 104-210 (October 1, 1996) which was named in honor of the late Congressman who was a champion of efforts to expand food donations to the poor and to protect those who make donations. It converts the Model Good Samaritan Food Donation Act to permanent law and incorporates it into the Child Nutrition Act of 1966 (section 22). Good samaritan laws are designed to encourage the donation of food and groceries to nonprofit charitable agencies by minimizing the risks of legal actions against donors and distributors of foods. The 1996 amendments exclude from civil or criminal liability a person or nonprofit food organization that, in good faith, donates or distributes donated foods for food relief. The new law does not supersede state or local health regulations and its protections do not apply to an injury or death due to gross neglect or intentional misconduct.
Industry:Agriculture
The absorption and concentration of toxic chemicals, heavy metals, and certain pesticides in plants and animals. Toxicity can be expressed in several ways: lead that is ingested by calves can bioaccumulate in their bones, interfering with calcium absorption and bone development; stored chemicals may be released to the blood stream at a later time, for example, during gestation or weight loss; and chemicals may concentrate to lethal levels at upper ends of the food chain. Bioconcentration is a synonym for biaccumulation.
Industry:Agriculture
