In the next couple of weeks, we would be sharing with you some of the agricultural terms that every farmer should know.
The next time you get into a conversation with other farm owners, agribusiness moguls, or even lawyers, use some of these words, and you will be amazed at the impression that you will make. Again, knowledge is power.
Here are some terms that every farmer should be familiar with, from the most obvious, to the not-so-obvious.
- Abandon(ed); Abandonment: Usually when this term is used from a legal perspective, it means that a particular piece of land has not been used or planted on for five consecutive years.
- Absolute Advantage: This is the “upper-hand” that a country has in comparison to other countries to produce and export crops at a lower cost per unit compared to other counties. For example, Nigeria may be able to produce and export rice at a cheaper rate than American farmers. Nigerian farmers, therefore, have an absolute advantage.
- Adulterants: These are microbiological elements that the law thereby bans poison food and because they are unfit for human consumption.
- African Growth and Opportunity Act: This act was signed into law on May 18th, 2000, mainly to increase opportunities for trade between African and Caribbean countries.
- Agricultural Districts: Provided by law, this act was set in place to protect farmland owners from land encroachment and give them the authority to farm on their land freely.
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