14 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
multiple basing points
Agriculture; Agricultural programs & laws
A method of regional pricing in milk marketing orders that would allow more than one basing point, or "surplus area," to be used. Surplus areas are administratively defined as areas with low Class I ...
multilateral trade negotiations (MTN)
Agriculture; Agricultural programs & laws
Negotiations between General Agreement on Tariffs and Trade (GATT) member nations that are conducted under the auspices of the GATT and that are aimed at reducing tariff and nontariff trade barriers. ...
multilateral agreement
Agriculture; Agricultural programs & laws
A trade agreement involving three or more countries (as with the World Trade Organization) in contrast to a bilateral agreement (as with the US-Canada Free Trade agreement) involving only two ...
peanut poundage quota
Agriculture; Agricultural programs & laws
A peanut price support program supply control mechanism authorized by the Agricultural Adjustment Act of 1938 to regulate the marketing of peanuts consumed domestically for food when production ...
peace clause
Agriculture; Agricultural programs & laws
Term used to refer to Article 13 of the Uruguay Round Agreement on Agriculture which exempts certain policies from challenges in the World Trade Organization so long as countries are meeting their ...
payments in lieu of taxes (PILT)
Agriculture; Agricultural programs & laws
A program administered by the Bureau of Land Management of the Department of the Interior to compensate counties for the tax-exempt status of federal lands; the fixed payments per entitlement acre ...
payment rate
Agriculture; Agricultural programs & laws
Generally, the amount paid per unit of production (i.e., bushel, pound, hundredweight) to each participating farmer for eligible production under commodity income and price support programs.
