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Average Crop Revenue Election
The U.S. Farm Service Agency administers Annual Crop Revenue Election (ACRE, a backronym), a new program authorized by the 2008 Farm Bill that begins in crop year 2009. Through ACRE, the United States Department of Agriculture (USDA) offers producers an alternative to the Direct and Counter-Cyclical Program. The ACRE alternative provides eligible producers a state-level revenue guarantee, based on the 5-year state Olympic average yield and the 2-year national average price. ACRE payments are made when both state- and farm-level triggers are met. By participating in ACRE, producers elect to forgo counter-cyclical payments, receive a 20-percent reduction in direct payments and a 30-percent reduction in CCC commodity loan rates. A decision to elect ACRE binds the elected land to the program through the 2012 crop year, the last crop year covered by the 2008 Farm Bill. Because of tradeoffs with electing ACRE over DCP and the irrevocable commitment to ACRE, producers are encouraged to revi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Farm Service Agency
The Farm Service Agency (FSA) is the United States Department of Agriculture agency that was formed by merging the farm loan portfolio and staff of the Farmers Home Administration (FmHA) and the Agricultural Stabilization and Conservation Service (ASCS). The Farm Service Agency implements agricultural policy, administers credit and loan programs, and manages conservation, commodity, disaster, and farm marketing programs through a national network of offices. The Administrator of FSA reports to the Under Secretary of Agriculture for Farm Production and Conservation. The current Administrator is Zach Ducheneaux. The FSA of each state is led by a politically appointed State Executive Director (SED). History The origins of the FSA start with several earlier agencies starting in the 1930s, with several programs and agencies developed during the Great Depression. The Resettlement Administration of 1935 was an early attempt to relocate entire farming communities to more profitable locati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Backronym
A backronym is an acronym formed from an already existing word by expanding its letters into the words of a phrase. Backronyms may be invented with either serious or humorous intent, or they may be a type of false etymology or folk etymology. The word is a portmanteau of ''back'' and ''acronym''. An acronym is a word derived from the initial letters of the words of a phrase, such as ''radar'' from "''ra''dio ''d''etection ''a''nd ''r''anging". By contrast, a backronym is "an acronym deliberately formed from a phrase whose initial letters spell out a particular word or words, either to create a memorable name or as a fanciful explanation of a word's origin." Many fictional espionage organizations are backronyms, such as SPECTRE (''sp''ecial ''e''xecutive for ''c''ounterintelligence, ''t''errorism, ''r''evenge and ''e''xtortion) from the James Bond franchise. For example, the Amber Alert missing-child program was named after Amber Hagerman, a nine-year-old girl who was abducted ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2008 Farm Bill
The Food, Conservation, and Energy Act of 2008 (, also known as the 2008 U.S. Farm Bill) was a $288 billion, five-year agricultural policy bill that was passed into law by the United States Congress on June 18, 2008. The bill was a continuation of the 2002 Farm Bill. It continues the United States' long history of agricultural subsidies as well as pursuing areas such as energy, conservation, nutrition, and rural development. Some specific initiatives in the bill include increases in Food Stamp benefits, increased support for the production of cellulosic ethanol, and money for the research of pests, diseases and other agricultural problems. On January 1, 2013, Congress passed the American Taxpayer Relief Act of 2012 to avert the fiscal cliff and the next day President Barack Obama signed the Act into law. (Public Law No: 112-240) The "fiscal cliff" deal was primarily enacted to avoid automatic tax hikes and spending cuts, but also included provisions extending portions of the 200 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Department Of Agriculture
The United States Department of Agriculture (USDA) is the United States federal executive departments, federal executive department responsible for developing and executing federal laws related to farming, forestry, rural economic development, and food. It aims to meet the needs of commercial farming and livestock food production, promotes agricultural trade and production, works to assure food safety, protects natural resources, fosters rural communities and works to end hunger in the United States and internationally. It is headed by the United States Secretary of Agriculture, Secretary of Agriculture, who reports directly to the President of the United States and is a member of the president's Cabinet of the United States, Cabinet. The current secretary is Tom Vilsack, who has served since February 24, 2021. Approximately 80% of the USDA's $141 billion budget goes to the Food and Nutrition Service (FNS) program. The largest component of the FNS budget is the Supplementa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Direct And Counter-Cyclical Program
The Direct and Counter-cyclical Payment Program (DCP) of the USDA provides payments to eligible producers on farms enrolled for the 2002 through 2007 crop years. There are two types of DCP payments – direct payments and counter-cyclical payments. Both are computed using the base acres and payment yields established for the farm. DCP was authorized by the 2002 Farm Bill and is administered by the Farm Service Agency (FSA). Eligible producers To be eligible for payments under DCP, owners, operators, landlords, tenants, or sharecroppers must: *share in the risk of producing a crop on base acres on a farm enrolled in DCP, and be entitled to share in the crop available for marketing from the base acres or would have shared had a crop been produced; *annually report the use of the farm's cropland acreage; *comply with conservation and wetland protection requirements on all of their land; *comply with planting flexibility requirements; *use the base acres for agricultural or related act ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Revenue
In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business. Commercial revenue may also be referred to as sales or as turnover. Some companies receive revenue from interest, royalties, or other fees A fee is the price one pays as remuneration for rights or services. Fees usually allow for overhead (business), overhead, wages, costs, and Profit (accounting), markup. Traditionally, professionals in the United Kingdom (and previously the Repu .... This definition is based on International Accounting Standard, IAS 18. "Revenue" may refer to income in general, or it may refer to the amount, in a monetary unit, earned during a period of time, as in "Last year, Company X had revenue of $42 million". Profit (accounting), Profits or net income generally imply total revenue minus total expenses in a given period. In accountancy, accounting, in the balance statement, revenue is a subsection of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Olympic Average
A truncated mean or trimmed mean is a statistical measure of central tendency, much like the mean and median. It involves the calculation of the mean after discarding given parts of a probability distribution or sample at the high and low end, and typically discarding an equal amount of both. This number of points to be discarded is usually given as a percentage of the total number of points, but may also be given as a fixed number of points. For most statistical applications, 5 to 25 percent of the ends are discarded. For example, given a set of 8 points, trimming by 12.5% would discard the minimum and maximum value in the sample: the smallest and largest values, and would compute the mean of the remaining 6 points. The 25% trimmed mean (when the lowest 25% and the highest 25% are discarded) is known as the interquartile mean. The median can be regarded as a fully truncated mean and is most robust. As with other trimmed estimators, the main advantage of the trimmed mean is robu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Counter-cyclical Payment
Counter-cyclical payment (CCP) — Under the Direct and Counter-cyclical Program (DCP) created by the 2002 farm bill (P.L. 101-171, Sec. 1101-1108), counter-cyclical payments are made to participating producers when the marketing year average price received by farmers for a covered commodity is less than the target price. The total payment to a producer is the payment acres (85% of base acres) times the payment rate (target price minus average market price A price is the (usually not negative) quantity of payment or Financial compensation, compensation given by one Party (law), party to another in return for Good (economics), goods or Service (economics), services. In some situations, the pr ..., except not more than the difference between the target price and the sum of the national loan rate and the direct payment rate). References * {{DEFAULTSORT:Counter-Cyclical Payment United States Department of Agriculture Agricultural subsidies ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tradeoff
A trade-off (or tradeoff) is a situational decision that involves diminishing or losing one quality, quantity, or property of a set or design in return for gains in other aspects. In simple terms, a tradeoff is where one thing increases, and another must decrease. Tradeoffs stem from limitations of many origins, including simple physics – for instance, only a certain volume of objects can fit into a given space, so a full container must remove some items in order to accept any more, and vessels can carry a few large items or multiple small items. Tradeoffs also commonly refer to different configurations of a single item, such as the tuning of strings on a guitar to enable different notes to be played, as well as an allocation of time and attention towards different tasks. The concept of a tradeoff suggests a tactical or strategic choice made with full comprehension of the advantages and disadvantages of each setup. An economic example is the decision to invest in stocks, which a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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