Set of government programs directly influencing agricultural production, markets, and prices?
Farm Policy
What type of payment pays the farmer the difference between the market price and a loan rate as a direct payment when the market price is below the loan rate?
Loan Deficiency Payment (LDP)
This group is at the top of the policy making influence triangle. They know public opinion, serve the best interests of the community, and have reputations earned through experience.
Kingmakers
Term that reflects the broader roles that agriculture now plays, such as environmental stewardship, providing open spaces, providing easements for tourism, renewable fuel sources, and so on.
Multifunctionality
What are the four distinct approaches used by economists to analyze policy?
Scientific Approach, Analytical Approach, Evangelistic Approach, and Educational Approach
The historical average of planted acres over a number of years is known as _____ _____.
Base acres
A guiding principle leading to a course of action or specific program that is pursued by the government is a ______.
Policy
A (n) _______ ______ is a trade agreement in which member countries have unified social and economic policies.
Economic Union
The ______ ______ rule allows countries to exempt “small” domestic support payments.
De minimis
Under the ______ _____ rule, an individual who receives payments may also receive payments from up to two other entities in which the individual as up to a 50% interest.
Three-entity
The trade policy assumption that: policy changes in a country large in economic strength change world price.
Large Country Assumption
Who is the United States Trade Representative?
Rob Portman
What is the standing agreement between the U. S. and Mexico in water disputes?
Guiding principles leading to a course of action or specific program pursed by government is?
Policy
The effect of a government output reduction program in which acreage is reduced by producers, but output is not reduced:
Slippage
USDA instrument used to regulate commodities, such as produce, by limiting quantities that may be marketed, or establishing requirements on grade, size, maturity, or quality:
Marketing order
1922 legislation that amended the Clayton Act to exempt cooperatives from federal antitrust laws:
Capper-Volstead Act
Program to assist landowners, through long term contracts or easements, in restoring or conserving grasslands to their natural state:
Grassland Reserve Program
A federally owned and operated corporation created to stabilize, support, and protect farm income and prices through loans, purchases, payments, and other operations:
Commodity Credit Corporation (CCC)
What is the law that gave agricultural cooperatives certain exemptions from antitrust laws like the Clayton Act and the Sherman Antitrust Act?
Capper-Volstead Act
What is the independent federal agency that regulates trading on the futures exchanges in the United States?
Commodity Futures Trading Commission
What production quality control system has been adopted throughout much of the food industry as a method for minimizing the entry of food born pathogens into the food supply in order to protect human health?
Hazard Analysis and Critical Control Point (HACCP)
What law directs EPA to restrict the use of pesticides to prevent unreasonable adverse effects on people and the environment taking into account the costs and benefits of various uses?
Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA)
What type of food was regulated by the Pure Food and Drug Act after the 1906 publishing of Upton Sinclair’s novel The Jungle exposed disgusting details of practices within the meat packing industry?
Adulterated or fraudulently labeled food
_________ economies involve value judgments about what should be.
Normative
The senate has ____ members that serve _____ year terms.
100, 2
________ is direct government intervention through buying commodities.
Price support
ARP stands for.
Acreage Reduction Program
______ is when the government is selling a product for less than the average cost of production.
Dumping
In policy, ________ _________ are in the top tier of the “influence triangle.”
King Makers
When a bill is becoming a law, it is the job of the _________ _________ to hammer out differences between the House and the Senate.
Conference Committee
How many representatives does Texas have in the House of Representatives?
32
The _______ _______ Act set up the Cooperative Extension system to communicate new technologies from the USDA directly to farmers.
Smith-Lever
The last farm bill enacted without an expiration date was the Agriculture Act of ____.
1949
What is the most regulated product in the U.S.?
Milk
A policy that has at most a small impact on production and trade is categorized as_______.
Green Box
What is an income support payment that increases when prices are low and decreases when prices are high?
Counter-Cyclical Payment
A small or zero tariff applied to an import up to a certain quantity which, at this quantity, increases to the specified amount.
Tariff-rate Quota
The authority of the President to negotiate trade agreements with approval by Congress but without modification by Congress is called _______.
Trade Promotion Authority
The organization whose program is operated jointly with the USDA and the land grant universities to aid dairy producers in keeping milk production and management records.
Dairy Herd Improvement Association (DHIA)
A flexible coverage crop insurance product designed by the insured to protect crops from damaging weather conditions during the coverage period selected.
Named peril(s) insurance Also Specified peril(s) insurance.
A bank resulting from the mandatory merger of the Federal Land Bank and the Federal Intermediate Credit Bank in each Farm Credit System district
Farm Credit Bank(s) (FCB)
A facility to collect, store, and transport irrigation tailwater for reuse in a farm irrigation distribution system.
Tailwater recovery irrigation system
The price used to calculate gross revenue for revenue insurance products.
Harvest price
What are three of the approaches to economic analysis? Scientific, analytical, evangelistic, and educational
What are three of the four different types of Agricultural interest groups?
General farm organizations, commodity organizations, public interest groups, Agribusiness/trade associations
What is the committee called that works on coming up with a bill to satisfy both the house and senate?
