The doctrine that, since food is necessary to life, farmers should be at
least as well off as any other group.
See ever-normal granary.
A payment received by a farmer from the government for each unit of
output produced and sold; it is based on the difference between
a target price and the support price.
The tendency for the percentage of a family's budget spent for food to
decline as income rises.
Government holdings of crops as reserves against periods of bad weather
or other disasters at home or abroad.
The relationship between the income of farmers and the income of others
in the society.
An acceleration of a longterm heating of the earth's atmosphere caused
primarily by the burning of fossil fuels and the wholesale
cutting of the world's forests.
The development and propagation of high-yielding dwarf and hybrid
varieties of wheat and rice.
The price that would prevail in the absence of government programs and
that would involve only negligible surpluses resulting from
speculation on next year's higher prices.
A system whereby farmers borrow from a government agency and, as
collateral for the loan, pledge their crop evaluated at the
support price. The lending agency has no claim beyond the
pledged crop.
A price that bears the same relation to some index of farm production
costs that it did in some past period.
A late- nineteenth- century protest movement that became the basis for
two political parties that wanted the government to increase the
money supply by printing more greenbacks.
The price at which government agencies buy and store crop surpluses.
A price higher than the support price that is the basis for calculating
deficiency payments to farmers.