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Beef price index (BPI)
An index of the weighted average annual price for beef cattle, excluding calves, for a 16 western state area as compared with a specific base period equal to 100. This index is used in calculating federal grazing fees.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Agriculture
- Category: Agricultural programs & laws
- Company: USDA
- Product:
- Acronym-Abbreviation:
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