- Industry: Government
- Number of terms: 41534
- Number of blossaries: 0
- Company Profile:
Refers to the economic theory that in international trade it is more advantageous for a country to devote its resources not to all lines of production in which it may have superiority (least cost production), but to those in which its relative superiority is greatest. Two countries may find trade mutually profitable even if one of the countries could produce all goods at lower cost than the other.
Industry:Agriculture
A situation in which one country, region, or producer can produce a particular commodity more cheaply than another country, region or producer.
Industry:Agriculture
With respect to the WIC program, refers to the method for containing program costs, particularly for infant formula contained in food packages; requires state WIC agencies to solicit bids to infant formula companies for the sale of their product. This is recommended but not required for other products sold through the program.
Industry:Agriculture
Foods that may be regulated for sale in competition with the school lunch and breakfast programs under provisions of the National School Lunch Act.
Industry:Agriculture
A term used by the Economic Research Service in its reporting of agricultural trade statistics to describe imports that are similar to and therefore competitive (in contrast to non-competitive) with those produced in the United States. Examples are beef, wheat, cotton, and sugar.
Industry:Agriculture
Agricultural import items not produced in appreciable commercial volume in the United States, such as bananas, coffee, rubber, cocoa, tea, spices and cordage fiber.
Industry:Agriculture
The controlled biological decomposition of organic material, such as sewage sludge, animal manures, or crop residues, in the presence of air to form a humus-like material. Controlled methods of composting include mechanical mixing and aerating, ventilating the materials by dropping them through a vertical series of aerated chambers, or placing the compost in piles out in the open air and mixing it or turning it periodically.
Industry:Agriculture
Also known as Superfund (42 U.S.C. §§9601 to 9675), is the federal law which authorized EPA to require the cleanup of sites contaminated by past disposal of hazardous waste.
Industry:Agriculture
Generally, a facility where large numbers of farm animals are confined, fed, and raised, such as dairy and beef cattle feedlots, hog production facilities, and closed poultry houses. The Environmental Protection Agency has developed a specific regulatory definition of CAFO for the purposes of enforcing the Clean Water Act. The Act requires individual places that are potential sources of water pollution to obtain point source discharge permits that specify the allowable levels of effluent from each of these places. The regulations define "animal feeding operations" as those confining livestock or poultry for 45 days or more in a 12-month period in a facility that has no vegetative ground cover. Such places are further considered "concentrated," and therefore required to have an EPA permit, if they reach certain size limits or meet other criteria specified in the EPA regulations. Those size limits are 700 mature dairy cattle, 1,000 beef cattle, 100,000 chickens, 55,000 turkeys, 2,500 swine, or 10,000 sheep.
Industry:Agriculture
A sale in which a foreign buyer is allowed loan payment terms that are more favorable than those obtainable in the commercial market. Under P.L. 480, the concessional provisions (compared to the commercial market) may include a lengthy credit period, a grace period before repayment begins, and a low interest.
Industry:Agriculture
