Land Use And Development Controls: Ordinances, resolutions, and controls enacted by local government under the authority of state enabling legislation to protect public health, safety, or welfare. Many controls can affect agricultural enterprises: how they are affected depends on the design of the control.

 

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Land Use And Development Controls: Ordinances, resolutions, and controls enacted by local government under the authority of state enabling legislation to protect public health, safety, or welfare. Many controls can affect agr . . . View Full Definition

Preand Post Tours: Optional extension or side-trip package before or after a meeting, gathering or convention.

PP and E: See Property, Plant & Equipment.

Powerhouse: Also called 'the girdle of strength.' The area between the bottom of your rib cage and the line across your hips – for many the most neglected area of the body. Working the Powerhouse, as vi . . . View Full Definition

Precautionary Demand (For Money): The need to meet unexpected or extraordinary contingencies with a buffer stock of cash.

Price Elasticity Of Demand: The relationship between the change in the price of a commodity and the corresponding change in the quantity that is sold. If a small change in the price is accompanied by a relatively large . . . View Full Definition

Prime Farmland: 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 th . . . View Full Definition

Primary Standard: A stable, high-purity material used in titrations and other chemical analyses to prepare solutions of precisely known concentration, or to determine the concentrations of substances which re . . . View Full Definition

Power-Of-Sale Clause: A clause in a mortgage authorizing the holder of the mortgage to sell the property in the event of the borrowers default. The prodeeds from the public sale are used to pay off the mortgage d . . . View Full Definition

Prior Converted Wetland: 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- . . . View Full Definition