- Industry: Government
- Number of terms: 41534
- Number of blossaries: 0
- Company Profile:
Measures the aggregate business cost of farming. The two main components are current farm operating expenses and overhead costs. Farm production expenses are accounted for differently in calculating farm income measures. Only production expenses paid in cash are deducted from gross farm income to derive net cash farm income. Gross farm income and net farm income include both cash and noncash production expenses. Non-cash expenses include such overhead costs as charges for depreciation and other capital consumption associated with farm buildings and other structures, motor vehicles, farm machinery and equipment, and expenses associated with farm operator dwellings.
Industry:Agriculture
Lending groups, owned by their farmer-borrowers, that provide short and intermediate-tem loans for up to 10 years from funds obtained from investors in money markets. These associations are an integral part of the Farm Credit System.
Industry:Agriculture
Any government program or policy intended to limit production. These have included acreage reduction, set-asides and diverted acreage.
Industry:Agriculture
These contracts specify who supplies the production inputs, the quality and quantity of the commodity to be produced, and the compensation for the producer. Under some livestock production contracts, the farmer is paid to provide housing and care for the animals until they are ready for market, but the contractor actually owns the animals. In 1997, according to the USDA, about 70% of the value of poultry production was under production contracts, 33% of hogs, and 14% of cattle. See marketing contract.
Industry:Agriculture
A nongovernmental, nonprofit organization that provides economic and social assistance to people in need, often in foreign countries. PVOs play an important role, along with cooperatives, in distributing U.S. food aid and implementing development projects under P.L. 480 Title II.
Industry:Agriculture
A measure of the value of monetary transfers to agricultural producers resulting from agricultural policies in a given year. It includes both transfers from consumers of agricultural products (through domestic market price supports) and transfers from taxpayers (through budgetary or tax expenditures). See consumer subsidy equivalent (CSE).
Industry:Agriculture
The right to control the disclosure of personal information; often referred to as confidentiality, but more accurately might be called data protection. Many landowners, including farmers, have grown concerned that information about the condition of their land could adversely affect market and other values.
Industry:Agriculture
Under the swampbuster program, these are wetlands that were converted to cropland before swampbuster was enacted on December 23, 1985, and meet wetland criteria for saturated soils or water-loving plants. Under swampbuster, there are no restrictions on either drainage maintenance or additional drainage on prior converted wetlands, which are estimated to total more than 50 million acres.
Industry:Agriculture
The system of water allocation used primarily in the arid western United States, where water is scarce. Under this system, earlier claims have priority over later claims, and claims are associated with specific volumes of water. Rights to water can be lost if they are not used.
Industry:Agriculture
Land that is best suited to and available for the production of food, feed, forage, fiber, and oilseed crops. It can be cropland, pastureland, rangeland, forestland, or other land. It has the soil quality, growing season, and moisture needed to produce high yields of crops each year economically, if managed according to acceptable farm practices. Prime farmland produces the highest yields with minimal expenditure of energy and economic resources and does so with the least damage to the environment. Of the 334 million acres of prime farmland, 216 million are in cropland use, according to the 1992 national resources inventory. See unique farmland.
Industry:Agriculture
