- Industry: Government
- Number of terms: 41534
- Number of blossaries: 0
- Company Profile:
Created by the Agricultural Credit Act of 1987 as a federally chartered, private corporation responsible for guaranteeing the timely repayment of principal and interest to investors in a new agricultural secondary market. The secondary market allows a lending institution to sell a qualified farm real estate loan to an agricultural mortgage marketing facility, or pooler, which packages these loans, and sells to investors securities that are backed by, or represent interests in, the pooled loans. Farmer Mac guarantees the timely repayment of principal and interest on these securities and, under authorities granted in 1995, can also serve as a loan pooler.
Industry:Agriculture
A program, established under the Food and Agriculture Act of 1977, designed to buffer sharp price movements and to provide reserves against production shortfalls by allowing wheat and feed grain farmers to participate in a subsidized grain storage program. Farmers who placed their grain in storage received an extended nonrecourse loan for at least 3 years. Under certain conditions, interest on the loan could be waived and farmers could receive annual storage payments from the government. The FAIR Act of 1996 repealed this program.
Industry:Agriculture
Formerly an agency of USDA that provided direct and guaranteed credit to family-sized farmers who were denied credit by a commercial lender. The 1994 USDA reorganization transferred FmHA’s farm loan programs to the newly formed Farm Service Agency.
Industry:Agriculture
A market where producers, generally farmers, sell their goods directly to consumers.
Industry:Agriculture
Authorized through FY2003 under Section 17 of the Child Nutrition Act of 1966, this program provides funding for grants to selected states that develop programs promoting the use of farmers markets by WIC recipients.
Industry:Agriculture
Picked or threshed peanuts produced in the United States, which have not been changed (except for removal of foreign material and excess moisture) from the condition in which picked or threshed peanuts are customarily marketed by producers.
Industry:Agriculture
Land used for agricultural purposes. The federal government recognizes prime farmland and unique farmland as the most important categories. According to USDA, the United States has had roughly 1 billion acres of farmland. Farmland consists of cropland, pastureland, and grazing land.
Industry:Agriculture
Programs, operated mostly at state and local levels by government agencies or private entities such as land trusts, that are designed to limit conversion of agricultural land to other uses that otherwise might have been more financially attractive to the landowner. Every state has at least one such program; the most popular programs are tax relief through preferential or differential assessment, and right-to-farm laws. Easements are used in some states.
Industry:Agriculture
A program established by the FAIR Act of 1996 to fund the purchase of conservation easements of 170,000-340,000 acres of land having prime or unique soil or other desirable production qualities that are threatened by urban development. Eligibility depends upon already having a pending offer from a state or local government to protect qualifying land by limiting nonagricultural use. USDA is authorized to use up to $35 million of funds from the CCC. During the first year of operation, USDA awarded almost $15 million to 18 states to protect an estimated 50,000 acres of farmland.
Industry:Agriculture
Typically, a confinement operation where pigs are bred and raised to their slaughter weight, usually 200-250 pounds. Facilities that have 2,500 or more swine are considered by the Environmental Protection Agency to be a concentrated animal feeding operation (CAFO) subject to point source pollution permit requirements.
Industry:Agriculture
