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Agricultural Market Regulations
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Flashcards
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Agricultural Act of 2014
Reformed and continued various agricultural and nutrition assistance programs; expanded crop insurance program and eliminated direct payment subsidies to farmers.
The Food Security Act of 1985
Introduced conservation compliance to reduce soil erosion and created a dairy production management system to boost dairy farm income.
Common Agricultural Policy (CAP)
Aims to ensure a decent standard of living for farmers, stabilize markets, ensure food availability, and ensure that supplies reach consumers at reasonable prices.
Agricultural Marketing Agreement Act of 1937
Enables the establishment of marketing orders and agreements to stabilize market conditions for farm products.
Agricultural Tariffication
The process of converting non-tariff barriers to tariffs, which generally increases market access for agricultural goods.
World Trade Organization (WTO) Sanitary and Phytosanitary (SPS) Agreement
Aims to protect human, animal, or plant life or health while minimizing unnecessary barriers to international trade.
Canada Agricultural Products Act
Regulates the marketing and quality standards of agricultural products in Canada, facilitating fair competition and reliable supply.
Agricultural Adjustment Act (AAA)
Sought to control crop prices by reducing agricultural production through subsidies to farmers in exchange for limiting acreage.
Agricultural Risk Coverage (ARC) & Price Loss Coverage (PLC)
Provide financial protections to farmers from substantial drops in crop prices or revenues and are critical for planning and market stability.
Zimbabwe Land Reform Program
Disrupted traditional farming and export systems, impacting production levels and access to international markets.
Farm Bill
Provides funding for programs that affect the production, pricing, and distribution of agricultural products.
Federal Agriculture Improvement and Reform Act of 1996
Decoupled direct payments to farmers from the current market prices, aiming to give farmers more flexibility to plant what the market demands.
Russian Agricultural Import Substitution
Reduced the dependency on imported agricultural goods, affecting global export opportunities to the Russian market.
National Organic Program (NOP)
Regulates organic agricultural products, impacting market access for organic goods by establishing consistent national standards.
Renewable Fuel Standard (RFS)
Boosts demand for agricultural products used for biofuel and impacts prices and market access of crops like corn and soybeans, affecting the feedstock market.
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