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Agriculture Glossary

U.S. House Committee on Agriculture: Agriculture Glossary

No. of terms: close to 2000

Description: An outstanding reference source covering different aspects related to agriculture. “A Glossary of Agricultural Terms, Programs and Laws. A product of the Congressional Research Service, Library of Congress at the request of the U.S. House Committee on Agriculture.”

Example term: Farm income
Several measures are used to gauge the earnings of a farming operation over a given period of time: Gross cash income is the sum of all receipts from the sale of crops, livestock, and farm related goods and services as well as all forms of direct payments from the government. Gross farm income is the same as gross cash income with the addition of nonmoney income, such as the value of home consumption of self-produced food and the imputed gross rental value of farm dwellings. Net cash income is gross cash income less all cash expenses such as for feed, seed, fertilizer, property taxes, interest on debt, wages to hired labor, contract labor and rent to nonoperator landlords. Net farm income is gross farm income less cash expenses and noncash expenses, such as capital consumption, perquisites to hired labor, and farm household expenses. Net farm income is a longer term measure of the ability of the farm to survive as a viable income-earning business, while net cash income is a shorter term measure of cash flow.

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Keywords: Forestry Terms, Forestry Glossary, Agricultural Glossary, U.S. House Committee on Agriculture, Agriculture Glossary, Terms, Dictionary, Agricultural Terminology, Agriculture Definitions, Farming terms

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