27 Terms
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Agricultural programs & laws
Of or pertaining to laws, political programs or schemes related to agriculture.
Industry: Agriculture
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Agricultural programs & laws
Low Income Food Deficit Country (LIFDC)
Agriculture; Agricultural programs & laws
The FAO defines LIFDCs as nations that are 1) poor - with an annual net per capital income below the level the World Bank uses to determine eligibility for IDA assistance; currently that level is ...
low-flow irrigation systems
Agriculture; Agricultural programs & laws
These systems (drip, trickle, and micro sprinklers) provide water in small volumes and generally provide water to plants with less waste than furrow irrigation. Drip and trickle systems apply water ...
long ton
Agriculture; Agricultural programs & laws
A measure of weight equal to 2,240 pounds. By contrast, a short ton is 2,000 pounds; a metric ton equals 2,204.62 pounds.
long
Agriculture; Agricultural programs & laws
(1) One who has bought a futures contract or option to establish a market position; (2) a market position that obligates the holder to take delivery; (3) one who owns an inventory of commodities. The ...
London interbank offered rate (LIBOR)
Agriculture; Agricultural programs & laws
The interest rate that major international banks charge each other for large volume loans of Eurodollars (U.S. dollars on deposit outside of the United States).
loan rate
Agriculture; Agricultural programs & laws
The price per unit (bushel, bale, pound, or hundredweight, depending on the commodity) at which the government will provide nonrecourse or recourse loans to farmers (or associations acting on their ...
loan forfeiture level, sugar
Agriculture; Agricultural programs & laws
The lowest market price that a processor must receive before concluding that forfeiting pledged sugar to the Commodity Credit Corporation is more profitable than selling the sugar. In practice, USDA ...
