- Industry: Government
- Number of terms: 41534
- Number of blossaries: 0
- Company Profile:
An independent agency of the executive branch, established in 1961, that administers U.S. international development and humanitarian assistance programs. The activities often involve joint efforts with private voluntary organizations (PVOs). USAID administers commodity donations for humanitarian or development purposes under Titles II and III of P.L. 480, or Food for Peace, and commodity import programs.
Industry:Agriculture
An index that measures the monetary value of the extent of government support to a sector. The AMS, as defined in the Agreement on Agriculture, includes both budgetary outlays as well as revenue transfers from consumers to producers as a result of policies that distort market prices.
Industry:Agriculture
Part of the Uruguay Round agreement covering issues related to agriculture, e.g., market access, export subsidies, and internal support.
Industry:Agriculture
Agriculturally related businesses that supply farm inputs (such as fertilizer or equipment) or are involved in the marketing of farm products (such as warehouses, processors, wholesalers, transporters, and retailers). Farms are not usually included when the term agribusiness is used.
Industry:Agriculture
This Act is P.L. 89-439 (October 31, 1949), along with the Agricultural Adjustment Act of 1938, makes up the major part of the permanent law that mandates commodity price and farm income support. The original 1949 Act designated mandatory support for basic commodities and the following nonbasic commodities: wool and mohair, tung nuts, honey, Irish potatoes (excluded in the Agricultural Act of 1954), and milk, butterfat, and their products. Periodic farm bills (most recently the FAIR Act of 1996) make temporary changes in the levels and design of commodity programs.
Industry:Agriculture
This Act is P.L. 83-690 (August 28, 1954) which established a flexible price support for basic commodities (excluding tobacco) at 82.5-90% of parity and authorized a Commodity Credit Corporation reserve for foreign and domestic relief. Title VII was designated the National Wool Act of 1954 and provided for a new price support program for wool and mohair to encourage increased domestic production. Price support for wool and mohair continued through marketing year 1995, at which time it was phased down and terminated under the explicit mandate of P.L. 103-130 (November 1, 1993).
Industry:Agriculture
This Act is P.L. 84-540 (May 28, 1956) which created the Soil Bank Program (Title I of was called the Soil Bank Act), addressed the disposal of CCC inventories of surplus stocks, contained commodity support program provisions, and forestry provisions. The Soil Bank Act authorized short- and long-term removal of land from production with annual rental payments to participants (Acreage Reserve Program and Conservation Reserve Program, respectively). The Acreage Reserve Program, for wheat, corn, rice, cotton, peanuts, and several types of tobacco, allowed producers to retire land on an annual basis in crop years 1956 through 1959 in return for payments. The Conservation Reserve Program allowed producers to retire cropland under contracts of 3, 5, or 10 years in return for annual payments. The Soil Bank Act was repealed by Section 601 of the Food and Agriculture Act of 1965. The Conservation Reserve portion of the Soil Bank was a model for the subsequent Conservation Reserve Program (CRP), enacted in 1985.
Industry:Agriculture
This Act is P.L. 91-524 (November 30, 1970) which initiated a significant change in commodity support policy. This 3-year farm bill replaced some of the more restrictive and mandatory features of acreage allotments, planting restrictions, and marketing quotas with voluntary annual cropland set-asides and marketing certificate payments to achieve parity prices (the precursor to target prices and deficiency payments). For the first time, the law adopted an annual payment limitation per producer (set at $55,000 per crop). The Act also amended and extended the authority of the Class I differential in federal milk marketing order areas.
Industry:Agriculture
This Act is P.L. 73-10 (May 12, 1933) which was the New Deal initiative to assist the farm sector during the Great Depression. This was the first comprehensive effort to raise and stabilize farm prices and income. The law created and authorized the Agricultural Adjustment Administration to (1) enter into voluntary agreements to pay farmers to reduce production of designated "basic" commodities (cotton, wheat,corn, rice, tobacco, hogs, and milk), (2) to make advance payments to farmers who stored crops on the farm, (3) to create marketing agreements between farmers and middlemen, and (4) to levy processing taxes to pay for production adjustment and market development. The Commodity Credit Corporation (CCC) was incorporated under the laws of the state of Delaware on October 17, 1933, to carry out financial activities, including making nonrecourse loans on the basic crops. Support for other commodities was authorized upon recommendation by the Secretary with the President's approval. Commodity loan programs carried out by the CCC for 1933-37 included cotton, corn, rosin, turpentine, tobacco, peanuts, dates, figs, and prunes. The provisions for production control and processing taxes in the Act were later declared unconstitutional in the Hoosac Mills decision of 1936. Congress responded by adopting the Soil Conservation and Domestic Allotment Act of 1936, the Agricultural Marketing Act of 1937, and the Agricultural Adjustment Act of 1938, all of which remain as permanent law.
Industry:Agriculture
This Act is P.L. 74-320 (August 24, 1935) which made several important and lasting changes to the Agricultural Adjustment Act of 1933. Section 22 of the law gave the President authority to impose quotas when imports interfered with commodity programs designed to raise prices and farm income. Section 32 was designed to widen market outlets for surplus agricultural commodities by permanently appropriating funds to purchase commodities for primarily child nutrition programs. Section 22 has been superseded, but Section 32 continues to operate.
Industry:Agriculture
