Term
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Definition
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Term
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Definition
| commodity credit corporation |
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Term
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Definition
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Term
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Definition
| Guiding principle leading us to a course of action or specific program that is pursued by the government. |
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Term
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Definition
| embodies the principles that will guide good programs |
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Term
| What does Ag Policy influence |
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Definition
- Production
- Resources that are used
- domestic and world food markets
- nutrition of foods
- safety of foods
- conditions under which family farms operate
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Term
| How often is the farm bill revised? |
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Definition
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Term
| Forces of change in policy |
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Definition
- Instability in Farm Prices
- Globalization
- Technology
- Food Safety
- Environmental issues
- Industrialization
- politics
- unforeseen events
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Term
Types of family farms
Small |
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Definition
- Sales less than 250k
- low sales less than 100k
- medium sales 100-250k
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Term
Types of Family Farms
Large |
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Definition
- Sales greater than 250k
- large sales 250-500k
- very large sales >500k
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Term
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Definition
- 90% of family farms are small- 25% of production
- large scale produce 50% of total ag product
- on average, > 250k 50% dont make a profit
- profit level is 10-20%
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Term
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Definition
- median income is 44k
- low sales-39k
- medium sales- 61k
- large sales 99k
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