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United States Agricultural Policy
The agricultural policy of the United States is composed primarily of the periodically renewed federal U.S. farm bills. The Farm Bills have a rich history which initially sought to provide income and price support to US farmers and prevent them from adverse global as well as local supply and demand shocks. This implied an elaborate subsidy program which supports domestic production by either direct payments or through price support measures. The former incentivizes farmers to grow certain crops which are eligible for such payments through environmentally conscientious practices of farming. The latter protects farmers from vagaries of price fluctuations by ensuring a minimum price and fulfilling their shortfalls in revenue upon a fall in price. Lately, there are other measures through which the government encourages crop insurance and pays part of the premium for such insurance against various unanticipated outcomes in agriculture. According to the United States Department of Agric ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agricultural Policy
Agricultural policy describes a set of laws relating to domestic agriculture and imports of foreign agricultural products. Governments usually implement agricultural policies with the goal of achieving a specific outcome in the domestic agricultural product markets. Agricultural policies use predetermined goals, objectives and pathways set by an individual or government for the purpose of achieving a specified outcome, for the benefit of the individual(s), society and the nations' economy at large. Agricultural policies take into consideration the primary, secondary and tertiary processes in agricultural production. Outcomes can involve, for example, a guaranteed supply level, price stability, product quality, product selection, land use or employment. Agriculture has large impacts on climate change, estimated to be contributing 20–25% of global annual emissions as of 2010. Moreover, agriculture is highly vulnerable to the negative impacts of climate change, such as decreases ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Competition Law
Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement. It is also known as antitrust law (or just antitrust), anti-monopoly law, and trade practices law. The history of competition law reaches back to the Roman Empire. The business practices of market traders, guilds and governments have always been subject to scrutiny, and sometimes severe sanctions. Since the 20th century, competition law has become global. The two largest and most influential systems of competition regulation are United States antitrust law and European Union competition law. National and regional competition authorities across the world have formed international support and enforcement networks. Modern competition law has historically evolved on a national level to promote and maintain fair competition in markets principally within the territorial boun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Food Stamp Act
In the United States, the Supplemental Nutrition Assistance Program (SNAP), formerly known as the Food Stamp Program, is a federal program that provides food-purchasing assistance for low- and no-income people. It is a federal aid program, administered by the United States Department of Agriculture under the Food and Nutrition Service (FNS), though benefits are distributed by specific departments of U.S. states (e.g. Division of Social Services, Department of Health and Human Services, etc.). SNAP benefits supplied roughly 40 million Americans in 2018, at an expenditure of $57.1 billion. Approximately 9.2% of American households obtained SNAP benefits at some point during 2017, with approximately 16.7% of all children living in households with SNAP benefits. Beneficiaries and costs increased sharply with the Great Recession, peaked in 2013 and have declined through 2017 as the economy recovered. It is the largest nutrition program of the 15 administered by FNS and is a key co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agricultural Trade Development And Assistance Act Of 1954
The Agricultural Trade Development and Assistance Act of 1954 (, enacted July 10, 1954) is a United States federal law that established Food for Peace, the primary and first permanent US organization for food assistance to foreign nations. The Act was signed into law on July 10, 1954, by President Dwight D. Eisenhower. The act was popular in Congress because it allowed American farmers to sell their surplus commodities, fed hungry people, and developed future markets. According to Eisenhower, the purpose of the legislation was to "lay the basis for a permanent expansion of our exports of agricultural products with lasting benefits to ourselves and peoples and peoples of other lands." The act was first drafted by future Foreign Agricultural Service (FAS) Administrator Gwynn Garnett in 1950. It is unusual in that it allows the FAS to conclude agreements with foreign governments without the advice or consent of the United States Senate The United States Senate is the upper ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National School Lunch Act
The Richard B. Russell National School Lunch Act (79 P.L. 396, 60 Stat. 230) is a 1946 United States federal law that created the National School Lunch Program (NSLP) to provide low-cost or free school lunch meals to qualified students through subsidies to schools. The program was established as a way to prop up food prices by absorbing farm surpluses, while at the same time providing food to school age children. It was named after Richard Russell, Jr., signed into law by President Harry S. Truman in 1946, and entered the federal government into schools' dietary programs on June 4, 1946. The majority of the support provided to schools participating in the program comes in the form of a cash reimbursement for each meal served. Schools are also entitled to receive commodity foods and additional commodities as they are available from surplus agricultural stocks. The National School Lunch Program serves 30.5 million children each day at a cost of $8.7 billion for fi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Food Aid
In international relations, aid (also known as international aid, overseas aid, foreign aid, economic aid or foreign assistance) is – from the perspective of governments – a voluntary transfer of resources from one country to another. Aid may serve one or more functions: it may be given as a signal of diplomacy, diplomatic approval, or to strengthen a military Alliance, ally, to reward a government for behavior desired by the Donation, donor, to extend the donor's cultural influence, to provide infrastructure needed by the donor for resource extraction from the recipient country, or to gain other kinds of commerce, commercial access. Countries may provide aid for further diplomatic reasons. Humanitarianism, Humanitarian and altruism, altruistic purposes are often reasons for foreign assistance. Aid may be given by individuals, private organizations, or governments. Standards delimiting exactly the types of transfers considered "aid" vary from country to country. For examp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Soil Bank Act
The Soil Bank Act of 1956 was part of the Agricultural Act of 1956 passed by the U.S. Congress. This act created the Soil Bank Program, which removed farmland from production in an effort to reduce large crop surpluses after World War II. Land deposited into the Soil Bank was then converted into conservation use.Rockoff, Hugh and Gary M. Walton. History of the American Economy. 11th ed. Mason, Ohio: South-Western Cengage Learning, 2010. Print. 500. The idea for the Soil Bank was taken from legislation from the 1930s dust bowl and was similar to many depression-era solutions to lower crop prices. Eventually, the Soil Bank act of 1956 was overturned by the Food and Agriculture Act of 1965. History Following World War II, the government struggled with how to deal with the large farm surpluses that had been created by price supports."Soil Bank Program (SB), 1956–1960" Warnell School of Forest Resources. The first proposed solution to the problem was the Brannan Plan proposed by Se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Soil Conservation
Soil conservation is the prevention of loss of the topmost layer of the soil from erosion or prevention of reduced fertility caused by over usage, acidification, salinization or other chemical soil contamination. Slash-and-burn and other unsustainable methods of subsistence farming are practiced in some lesser developed areas. A sequel to deforestation is typically large-scale erosion, loss of soil nutrients and sometimes total desertification. Techniques for improved soil conservation include crop rotation, cover crops, conservation tillage and planted windbreaks, affect both erosion and fertility. When plants die, they decay and become part of the soil. Code 330 defines standard methods recommended by the U.S. Natural Resources Conservation Service. Farmers have practiced soil conservation for millennia. In Europe, policies such as the Common Agricultural Policy are targeting the application of best management practices such as reduced tillage, winter cover crops, plant residue ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Agriculture Improvement And Reform Act Of 1996
The Federal Agriculture Improvement and Reform Act of 1996 (P.L. 104-127), known informally as the Freedom to Farm Act, the FAIR Act, or the 1996 U.S. Farm Bill, was the omnibus 1996 farm bill that, among other provisions, revises and simplifies direct payment programs for crops and eliminates milk price supports through direct government purchases. The law removed the link between income support payments and farm prices. It authorized 7-year production flexibility contract payments that provided participating producers with fixed government payments independent of current farm prices and production. The law specified the total amount of money to be made available through contract payments under production flexibility contracts for each fiscal year from 1996 through 2002. Payment levels were allocated among contract commodities according to specified percentages, generally derived from each commodity’s share of projected deficiency payments for fiscal 1996-2002. The law increas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Overproduction
In economics, overproduction, oversupply, excess of supply or glut refers to excess of supply over demand of products being offered to the market. This leads to lower prices and/or unsold goods along with the possibility of unemployment. The demand side equivalent is underconsumption Underconsumption is a theory in economics that recessions and stagnation arise from an inadequate consumer demand, relative to the amount produced. In other words, there is a problem of overproduction and overinvestment during a demand crisis. The ...; some consider supply and demand two sides to the same coin – excess supply is only relative to a given demand, and insufficient demand is only relative to a given supply – and thus consider overproduction and underconsumption equivalent. Overproduction is often attributed as due to previous overinvestment – creation of excess productive capacity, which must then either lie idle (or under capacity), which is unprofit (economics), profitable, or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commodity
In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot and derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand name) other than price. Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced unspecialized products such as chemical substance, chemicals and computer memory. Popular commodities include Petroleum, crude oil, Maize, corn, and gold. Other definitions of commodity include something useful or valued and an alternative ter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Food Policy
Food policy is the area of public policy concerning how food is produced, processed, distributed, purchased, or provided. Food policies are designed to influence the operation of the food and agriculture system balanced with ensuring human health needs. This often includes decision-making around production and processing techniques, marketing, availability, utilization, and consumption of food, in the interest of meeting or furthering social objectives. Food policy can be promulgated on any level, from local to global, and by a government agency, business, or organization. Food policymakers engage in activities such as regulation of food-related industries, establishing eligibility standards for food assistance programs for the poor, ensuring safety of the food supply, food labeling, and even the qualifications of a product to be considered organic. Most food policy is initiated at the domestic level for purposes of ensuring a safe and adequate food supply for the citizenry. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
