Surplus Agricultural Commodity Law and Legal Definition
Pursuant to 22 USCS § 2403 (l) [Title 22. Foreign Relations And Intercourse; Chapter 32. Foreign Assistance; General And Administrative Provisions; Miscellaneous Provisions], the term surplus agricultural commodity means “any agricultural commodity or product thereof, class, kind, type, or other specification thereof, produced in the United States, either publicly or privately owned, which is in excess of domestic requirements, adequate carryover, and anticipated exports for United States dollars, as determined by the Secretary of Agriculture.”
Legal Definition list
Related Legal Terms
- Acceptable Quality Level [Agricultural Marketing Service]
- Acceptance [Agricultural Marketing Service]
- Acquired Surplus
- Actuarial Surplus
- Affiliate of a Futures Commission Merchant, Commodity Trading Advisor, Commodity Pool Operator or Introducing Broker
- Agricultural Activity
- Agricultural Adjustment Act
- Agricultural Adjustment Act, 1938
- Agricultural Aircraft Operation
- Agricultural Association
