30 Terms
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Agricultural programs & laws
Of or pertaining to laws, political programs or schemes related to agriculture.
Industry: Agriculture
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Agricultural programs & laws
Marketing contract
Agriculture; Agricultural programs & laws
Prices (or pricing mechanisms) are established for a commodity before harvest or before the commodity is ready for marketing. Most management decisions remain with the grower, who retains ownership ...
Marketing certificate
Agriculture; Agricultural programs & laws
A certificate that may be redeemed for a specified amount of CCC-owned commodities. The certificates may be generic or for a specific commodity.
Marketing assistance loans
Agriculture; Agricultural programs & laws
Nonrecourse loans made available to producers of wheat, feed grains, upland and ELS cotton, rice, soybeans, and minor oilseeds under the Agricultural Market Transition Act provisions in the FAIR Act ...
Minnesota-Wisconsin price
Agriculture; Agricultural programs & laws
A component of the basic formula price for farm milk used in federal milk marketing orders. It is a survey of the average price Minnesota and Wisconsin plants are paying farmers for Grade B milk to ...
Milk marketing orders
Agriculture; Agricultural programs & laws
Administered by the Agricultural Marketing Service, federal milk marketing orders were first instituted in the 1930s to promote orderly marketing conditions by, among other things, applying a uniform ...
Milk-feed price ratio
Agriculture; Agricultural programs & laws
A measure of the value of 16% protein ration (feed) to one pound of whole milk. As with the hog-corn ratio, this relationship is an indicator of the profitability of milk production.
Milk equivalent
Agriculture; Agricultural programs & laws
A measure of the quantity of fluid milk used in a processed dairy product, usually expressed on a milkfat basis. For example, one pound of cheese is the equivalent of 9.88 pounds of milk.