- Industry: Government
- Number of terms: 41534
- Number of blossaries: 0
- Company Profile:
An Export Credit Guarantee Program that covers credit terms up to 3 years. The program underwrites credit extended by the private banking sector to approved foreign banks using dollar-denominated, irrevocable letters of credit to pay for U.S.-grown food and agricultural products sold to foreign buyers. The CCC guarantee typically covers 98% of principal and a portion of interest.
Industry:Agriculture
The water from wells and underground aquifers. An estimated 95% of the drinking water used in rural areas is from groundwater. Because of its use as drinking water, there is concern over contamination from leaching agricultural and industrial pollutants or leaking underground storage tanks.
Industry:Agriculture
An international economic forum, established in 1975, for leaders of the seven largest industrial countries (France, the United States, the United Kingdom, Germany, Japan, Italy, and Canada). The focus of G-7 discussions has been coordination of macroeconomic policies and international trade and monetary policies.
Industry:Agriculture
A county-based revenue insurance program, that is a variation of Group Risk Protection (GRP). GRIP pays a participating producer when the county revenue per acre for an insured crop falls below a trigger revenue selected by the insured producer, regardless of the actual revenue level of the individual producer. It is available on a limited basis where GRP is currently available.
Industry:Agriculture
This refers to the difference between the cost of a commodity and the combined sales income of the finished products that result from processing the commodity. Various industries have formulas to express the relationship of raw material costs to sales income from finished products.
Industry:Agriculture
The value of all goods and services produced both domestically and abroad, by the corporate and private citizens of a given country.
Industry:Agriculture
The monetary and non-monetary income received by farm operators. Its main components include cash receipts from the sale of farm products, government payments, other farm income (such as income from custom work), value of food and fuel produced and consumed on the same farm, rental value of farm dwellings, and change in value of year-end inventories of crops and livestock.
Industry:Agriculture
Gross domestic product is a measure of the total production and consumption of goods and services in the United States. The Bureau of Economic Analysis constructs two complementary measures of GDP, one based on income and one based on expenditures. It is measured on the product side by adding up the labor, capital, and tax costs of producing the output. On the expenditure side, GDP is measured by adding up expenditures by households, businesses, government and net foreign purchases. Theoretically, these two measures should be equal. However, due to problems collecting data, there is often a discrepancy between the two measures. The GDP price deflator is used to convert output measured at current prices into constant-dollar GDP.
Industry:Agriculture
The hypothesized warming of the Earth’s atmosphere as a result of increasing atmospheric levels of carbon dioxide and other gases that trap infrared radiation emitted from the earth’s surface. While the increase in such gases is well documented, the effect on climate remains debatable. Estimates of the temperature effect range from zero to an increase of several degrees average global temperature by 2050; changes in temperature would affect rainfall patterns. Significant climate change would inevitably affect agricultural practices.
Industry:Agriculture
Any crop or plant grown and plowed under to improve the soil, by adding organic matter and subsequently releasing plant nutrients, especially nitrogen.
Industry:Agriculture
