- Industry: Government
- Number of terms: 41534
- Number of blossaries: 0
- Company Profile:
Coordination of the total supply of a commodity in order to achieve sellers’ joint market objectives. This is an activity carried out by some marketing order programs.
Industry:Agriculture
A contract traded on a commodity futures exchange that gives the buyer the right without obligation to buy or sell a futures contract over a specified time period. The FAIR Act of 1996 requires USDA to conduct research through pilot programs to determine if futures and options contracts can provide producers with reasonable protection from the financial risks of fluctuations in price, yield, and income inherent in the production and marketing of agricultural commodities.
Industry:Agriculture
A person who sells an option contract, receives the premium, and bears the obligation to buy or sell the asset at the strike price.
Industry:Agriculture
The amount an option buyer pays the option writer for an option contract.
Industry:Agriculture
An option contract gives the buyer the right, but not the obligation, to buy (call option) or sell (put option) a futures contract at a specific price within a specified period of time, regardless of the market price of that commodity.
Industry:Agriculture
Under the planting flexibility provision of the Agricultural Act of 1949, as amended by the FACT Act of 1990, producers could choose to plant up to 25% of the crop acreage base to other CCC-specified crops (except fruits and vegetables) without a reduction in crop acreage bases on the farm, but receive no deficiency payments on this acreage. The Omnibus Budget Reconciliation Act of 1990 further amended the 1949 Act to make a 15% reduction in payment acreage mandatory. The remaining 10% was optional flex acreage. Optional flex acreage was eligible for deficiency payments when planted to the program crop. Optional flex acres no longer exist under the FAIR Act of 1996.
Industry:Agriculture
Ownership of a fixed-price forward contract, especially a futures contract.
Industry:Agriculture
P.L. 100-418 (August 23, 1988) provided the President with negotiating authority for the General Agreement on Tariffs and Trade (GATT) Uruguay Round, U.S.-Canada Free Trade Agreement, and the North American Free Trade Agreement, and specified U.S. negotiating objectives regarding agriculture. The law revised statutory procedures for dealing with unfair trade practices and import damage to U.S. industries. It gave USDA discretionary authority to trigger marketing loans for wheat, feed grains, and soybeans, if it is determined that unfair trade practices exist.
Industry:Agriculture
