- Industry: Government
- Number of terms: 41534
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A trade agreement involving Canada, Mexico and the United States, implemented on January 1, 1994, with a 15-year transition period. The major agricultural provisions of NAFTA include: 1) the elimination of nontariff barriers - immediately upon implementation, generally through their conversion to tariff-rate quotas or ordinary quotas; 2) elimination of tariffs - many immediately, most within 10 years, and some sensitive products gradually over 15 years; 3) special safeguard provision; and 4) country-of-origin rules to ensure that Mexico does not serve as a platform for exports from third countries to the U.S.
Industry:Agriculture
The average historic yield established for a particular farm or area. Can also describe average yields. Normal production would be the normal crop acreage planted multiplied by the normal yield. These measures, required by previous commodity programs to calculate benefits, are not required for production flexibility contracts under the FAIR Act of 1996.
Industry:Agriculture
A provision of the Omnibus Budget Reconciliation Act of 1990 requiring a mandatory 15% reduction in payment acreage. Under this provision, producers were ineligible to receive deficiency payments on 15% of their crop acreage base (not including any acreage removed from production under any production adjustment program). Producers, however, were allowed to plant any crop on this acreage, except fruits, vegetables, and other prohibited crops. Normal flex acreage no longer exists under the FAIR Act of 1996.
Industry:Agriculture
The acreage on a farm normally devoted to a group of designated crops. When a set-aside program is in effect, a participating farm’s total planted acreage of such designated crops plus set-aside acreage cannot exceed the normal crop acreage. The authority for set-asides was eliminated by the FAIR Act of 1996.
Industry:Agriculture
Any restriction, charge, or policy other than a tariff, that limits access of imported goods. Examples of nontariff barriers include quantitative restrictions, mainly import quotas and embargoes; import licenses; exchange controls; state trading enterprises; bilateral agreements; and certain rules and regulations on health, safety, and sanitation. The Uruguay Round Agreement on Agriculture requires conversion of NTBs to bound tariffs and tariff-rate quotas, and that sanitary and phytosanitary measures be based on sound science.
Industry:Agriculture
Pollutants emitted by non-road engines and non-road vehicles, e.g., farm and construction equipment, gasoline-powered lawn and garden equipment, and power boats and outboard motors. The Clean Air Act, sec. 213, provides that the Environmental Protection Agency can issue regulations to limit emissions from these sources.
Industry:Agriculture
Nonrenewable resources, in contrast to renewable resources, do not naturally replenish themselves within time limits that permit sustained yield (i.e., minerals and hydrocarbons, such as phosphate rock, limestone, petroleum). Nonrenewable resources may be called stock resources because of their fixed supply. Some resources, such as soil and water, can be termed either nonrenewable or renewable depending on circumstances. For example, some underground reservoirs replenish so slowly they are effectively nonrenewable, such as the Ogalala Aquifer. Soil that is eroding faster than its T value faces eventual depletion.
Industry:Agriculture
Farmers or processors participating in government commodity programs may pledge certain stored commodities as collateral and obtain a loan from the CCC at a commodity-specific, per-unit loan rate. The borrower may repay the loan, with interest, within a specified period and regain control of the commodity. Alternatively, the commodity can be forfeited to the CCC at the end of the term with no penalty. The government takes no recourse beyond accepting the commodity as full settlement of the loan. The loans provide operating capital to producers of wheat, feed grains, cotton, peanuts, tobacco, rice, and oilseeds. Dairy processors (until 2000) and sugar processors (when imports are equal to or greater than 1.5 million short tons) are also eligible for nonrecourse loans. In the past, loan rates sometimes exceeded market prices. The CCC then became an alternative purchaser to the market, thereby supporting prices. For those commodities eligible for marketing assistance loan benefits, producers may repay the loan at the world price (rice and upland cotton) or posted county price (wheat, feed grains, and oilseeds).
Industry:Agriculture
Any agricultural commodity not covered by federal commodity programs. Program crops are wheat, corn, barley, grain sorghum, oats, upland cotton, and rice.
Industry:Agriculture
A statistical allowance used in farm income compilations to credit farmers with income for the value of farm products used on the farm (instead of being sold for cash) and the rental value of farm dwellings. It assumes farmers otherwise live rent-free on their farm business premises.
Industry:Agriculture
