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The agricultural policy of the United States is composed primarily of the periodically renewed federal U.S. farm bills.The Farm Bills have a rich history which initially sought to provide income and price support to US farmers and prevent them from adverse global as well as local supply and demand shocks.
The value and production of individual crops varies substantially from year to year as prices fluctuate on the world and country markets and weather and other factors influence production. This list includes the top 50 most valuable crops and livestock products but does not necessarily include the top 50 most heavily produced crops and ...
The creation of USDA's Crop Reporting Board in 1905 (now called the Agricultural Statistics Board) was another landmark in the development of a nationwide statistical service for agriculture. A USDA reorganization in 1961 led to the creation of the Statistical Reporting Service, known today as National Agricultural Statistics Service (NASS). [1]
The current spread accounts for about three-fourths of the retail price for a market basket of foods, according to USDA. The farm value varies for each type of food; for example, in 2004, it accounted for about 35% of the retail cost of eggs, compared to about 19% for fresh fruit and vegetables, and about 6% for cereal and bakery products.
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The National Agricultural Statistics Service currently publishes the index on a 1990-92 = 100 base. A ratio of the prices received index to the prices paid index on the 1990-92 base that is greater than 100% indicates that farm commodity prices have increased at a faster rate than farm input prices.
The upshot: The price of orange juice, which has already climbed to an all-time high of $2.90 per 12-ounce can because of soaring food inflation, could go even higher.
Indian police on Tuesday used tear gas and detained some farmers who clashed with them and tried to break barricades blocking their way to New Delhi to demand guaranteed crop prices in a repeat of ...