BMP Cost [Agriculture] Law and Legal Definition
According to 7 CFR 634.5 [Title 7—Agriculture; Subtitle B -- Regulations of the Department of Agriculture; Chapter VI -- Natural Resources Conservation Service, Department of Agriculture; Subchapter D -- Long Term Contracting; Part 634 -- Rural Clean Water Program Subpart A – General], BMP cost refers to “the amount of money actually paid or obligated to be paid by the participant for equipment use, materials, and services for carrying out BMP's or an identifiable unit of a BMP. If the participant uses his or her own resources, the cost includes the computed value of his or her own labor, equipment use, and materials. BMP (Best Management Practice) is a single practice or a system of practices included in the approved RCWP application that reduces or prevents agricultural nonpoint source pollution to improve water quality.”
Legal Definition list
Related Legal Terms
- 30-Year Contract [Agriculture]
- Abandoned Security Property [Agriculture]
- Above the Line Costs (Entertainment Law)
- Absorption Costing
- Accelerated Cost Recovery System
- Acquisition Cost of an Item of Purchased Equipment
- Acquisition Cost of Equipment [Education]
- Activity-Based Costing
- Actual Yield [Agriculture]
- Actuarial Cost Assumptions
