Business / Agriculture Glossary

Agricultural Adjustment Act Amendment Of 1935: P.L. 74-320 (August 24, 1935) made several important and lasting changes to the Agricultural Adjustment Act of 1933. Section 22 of the law gave the President authority to impose quotas when . . . View Full Definition

Agricultural Adjustment Act Of 1938: P.L. 75-430 (February 16, 1938) was enacted as an alternative and replacement for the farm subsidy policies found unworkable in the AAA legislation of 1933. The 1938 Act was the first to mak . . . View Full Definition

Agricultural Attache Counselor: An agricultural expert, employed by the Foreign Agricultural Service, on the staff of an U.S. embassy, consulate, or agricultural trade office.

Agricultural Conservation Program (ACP): Administered by the Farm Service Agency, this largest and oldest conservation cost-sharing program paid farmers up to $3,500 per year as an incentive to install approved conservation practic . . . View Full Definition

Agricultural Credit Act Of 1987: P.L. 100-233 (January 6, 1988) was enacted in response to the severe financial crisis of the early- to mid-1980s which affected both farmers and their lending institutions. The Act authorize . . . View Full Definition

Agricultural Credit Association (ACA): An institution of the Farm Credit System that has direct lending authority to make short-, intermediate- and long-term loans to agricultural producers, rural homeowners and some farm-related . . . View Full Definition

Agricultural District: A planning term which defines an area in which farming is the preferred economic activity. Districts may be voluntarily created by landowners who receive benefits, usually in return for not . . . View Full Definition

Agricultural Diversification: A system of farming that encourages production of a variety of plants and animals and their products as opposed to monoculture or large-scale specialization. Advocates of diversification arg . . . View Full Definition

Agricultural Fair Practices Act Of 1967: This law (P.L. 90-288) was enacted to protect farmers from retaliation by handlers (buyers of their products) because the farmers are members of a cooperative. The act permits farmers to fil . . . View Full Definition

Agricultural Market Transition Act (AMTA): Title I of the FAIR Act of 1996. It allows farmers who have participated in the wheat, feed grain, cotton, and rice programs in any one of the 5 years prior to 1996 to enter into 7-year prod . . . View Full Definition

Agricultural Marketing Agreement Act Of 1937: This law reaffirmed the marketing agreements provisions of the Agricultural Adjustment Act of 1933 and redefined the process for establishing marketing orders. Under the authority of this pe . . . View Full Definition

Agricultural Marketing Service (AMS): A USDA agency that establishes standards for grades of cotton, tobacco, meat, dairy products, eggs, fruits, and vegetables. It also operates inspection and grading services and market news s . . . View Full Definition

Agricultural Pollution: Wastes, emissions, and discharges arising from farming activities. Causes include runoff and leaching of pesticides and fertilizers: pesticide drift and volatilization: erosion and dust from . . . View Full Definition

Agricultural Quarantine Inspection (AQI): A program, administered by USDA’s Animal and Plant Health Inspection Service, that inspects incoming passengers, luggage, and cargo at U.S. ports of entry in order to protect U.S. agricultur . . . View Full Definition

Agricultural Research Extension And Education Reform Act Of 1998: P.L. 105-185 (June 23, 1998) reauthorized and revised federally supported agricultural research, education, and extension programs. The Act built upon reforms that were made in the research . . . View Full Definition

Agricultural Research Service (ARS): A USDA agency employing federal scientists to conduct basic, applied, and developmental research in the following fields: livestock: plants: soil, water and air quality: energy: food safety . . . View Full Definition

Agricultural Stabilization And Conservation Service (ASCS): This was the USDA agency once primarily responsible for administering the farm commodity price and income support programs, and conservation cost-sharing programs. Its functions were folded . . . View Full Definition

Agricultural Trade Development And Assistance Act Of 1954: P.L. 83-480 (July 10, 1954) is commonly referred to as 'PL 480' and 'Food for Peace.' The law established what continues to be the primary U.S. overseas food assistance program. The program . . . View Full Definition

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