Normal Supply of Nonbasic Agricultural Commodity Law and Legal Definition
Normal supply of any nonbasic agricultural commodity for any marketing year shall be “(1) the estimated domestic consumption of the commodity for the marketing year for which such normal supply is being determined, plus (2) the estimated exports of the commodity for such marketing year, plus (3) an allowance for carry-over. The allowance for carry-over shall be the average carry-over of the commodity for the five marketing years immediately preceding the marketing year in which such normal supply is determined, adjusted for surpluses or deficiencies caused by abnormal conditions, changes in marketing conditions, or the operation of any agricultural program. In determining normal supply, the Secretary shall make such adjustments for current trends in consumption and for unusual conditions as he may deem necessary.” (7 USCS § 1428)
Legal Definition list
- Normal Service Cost
- Normal School
- Normal Rigors of Transportation
- Normal Retirement Benefit
- Normal Retirement Age
- Normal Supply of Nonbasic Agricultural Commodity
- Normal-Cost Percentage
- Normative
- Norris Claim
- Norris La Guardia Act
- Norris-La Guardia Act
