Agricultural programs & laws

Agricultural programs & laws

Of or pertaining to laws, political programs or schemes related to agriculture.

Industry: Agriculture

Add a new term

Contributors in Agricultural programs & laws

Become a Contributors

Agricultural programs & laws

base rates

Agriculture; Agricultural programs & laws

The minimum cash price for national forest timber to be cut and removed.

basic commodities

Agriculture; Agricultural programs & laws

Six agricultural crops (corn, cotton, peanuts, rice, tobacco, and wheat) declared by permanent law as requiring federal price support.

Calculated monthly by USDA, the BFP is the base price for all milk regulated by federal milk marketing orders. Currently, the BFP is based on the preceding month’s average price of Grade B milk paid ...

basing point

Agriculture; Agricultural programs & laws

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 ...

basis

Agriculture; Agricultural programs & laws

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 ...

basis risk

Agriculture; Agricultural programs & laws

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.

beef price index (BPI)

Agriculture; Agricultural programs & laws

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 ...