- Industry: Government
- Number of terms: 41534
- Number of blossaries: 0
- Company Profile:
The ratio of the prices received index, 1910-14=100, to the prices paid index on a 1910-14=100 base (called the parity index). The parity ratio is a measure of relative price relationships. It is not a measure of farm income, of farmers’ total purchasing power, or of farmers’ economic welfare. The well-being of the farm community depends upon a number of factors other than price relationships, such as changes in production efficiency and technology, quantities of farm products sold, and supplementary income (including income from off-farm jobs and federal farm programs). Over time the parity ratio has declined due to greater efficiency gains in agriculture. Compared to a parity ratio of 100 in the 1910-14 time period, the 1998 annual parity ratio was 42.
Industry:Agriculture
Land used primarily for the production of domesticated forage plants for livestock (in contrast to rangeland, where vegetation is naturally-occurring and is dominated by grasses and perhaps shrubs). Rotation pasture or cropland under winter cover crops is not included in this definition. The 1992 national resources inventory recorded 126 million acres of pastureland, 9% of all nonfederal rural lands.
Industry:Agriculture
Pathogens are infectious or toxin forming microorganisms causing disease. A food borne pathogen is a microorganism that causes illness through the ingestion of food.
Industry:Agriculture
The maximum annual amount of commodity program benefits a person can receive by law. Persons are defined under payment limitation regulations, established by USDA, to be individuals, members of joint operations, or entities such as limited partnerships, corporations, associations, trusts, and estates that are actively engaged in farming. The three entity rule limits the number of farms from which a person can receive program payments. The FAIR Act of 1996 sets payment limits at $40,000 per person per fiscal year on production flexibility contracts (down from $50,000 on target price deficiency payments). The limits of $75,000/person/year with respect to marketing assistance loan gains and loan deficiency payments for crops of contract commodities or oilseeds is maintained.
Industry:Agriculture
Refers to a federally reimbursed meal (or snack) bought by a child who does not qualify for a free or reduced price meal. Also often referred to as a "full-price" lunch, or a Section 4 lunch. See free lunch.
Industry:Agriculture
The movement of water downward and radially through subsurface soil layers, usually continuing downward to groundwater. The rate at which soils permit percolation is a measure of the vulnerability of groundwaters to contamination by surface waters as well as a determinant in the siting of septic fields.
Industry:Agriculture
P.L. 71-325 (June 10, 1930), as amended, regulates the buying and selling of fresh and frozen fruits and vegetables to prevent unfair trading practices and to assure that sellers will be paid promptly. Both produce sellers and buyers must pay fees for a license in order to do business, and these license fees are the source of funding for a trust program that resolves disputes and protects sellers from non-payment when buyers become bankrupt. Amendments to the Act in 1995 (P.L. 104-48) include a 3-year phase out of the annual license fees for retailers and grocery wholesaler-dealers to be replaced by one-time fee.
Industry:Agriculture
Farm goods that prior to processing cannot be stored for a substantial period of time without excessive loss through deterioration or spoilage. Examples of perishable commodities are fresh fruits and vegetables, meat and poultry. Most of the commodities purchased by the Agricultural Marketing Service under Section 32 authority are perishable items.
Industry:Agriculture
Trees, or perennial grasses, legumes, or shrubs with an expected life span of at least 5 years. Permanent cover is required on cropland entered into the Conservation Reserve Program.
Industry:Agriculture
Legislation that would be in force in the absence of all temporary or short-term laws (e.g., farm bills). The Agricultural Adjustment Act of 1938, the Agricultural Act of 1949, and the Commodity Credit Corporation Charter Act of 1948 serve as the basic laws authorizing the major commodity programs. Technically, each new farm bill (including the FAIR Act of 1996) amends the permanent law for a specified period. The FAIR Act of 1996 also repealed some provisions of permanent law and suspended other provisions through 2002. Many programs and activities of USDA are authorized by permanent laws that are periodically amended.
Industry:Agriculture
