Copyright © Philip M. Parker, INSEAD. Terms of Use.
| Domain | Definition |
Agriculture | The federal program that maintains a minimum price for sugar. The new program covers the 1996-2002 crops of sugar beets and sugarcane. Under the FAIR Act of 1996, sugar processors benefit from a price guarantee only when nonrecourse loan policy is in effect (i.e., USDA projects that fiscal year imports of sugar will be equal to or greater than 1.5 million short tons). Should projected imports be below 1.5 million short tons, only recourse loans will be available to processors (i.e., no price guarantee exists). Loan rates are frozen through FY2003 at 18 cents/lb. for raw cane sugar, and 22.9 cents/lb. for refined beet sugar. Processors benefit, though, from a slightly higher level of price support accomplished by USDA administering an import quota in such a way that market prices are kept above loan forfeiture levels. Should a processor forfeit on a nonrecourse loan if market prices fall below his forfeiture level, a forfeiture penalty is imposed (i.e., 1 cent/lb. for raw cane sugar, 1.072 cents/lb. for beet sugar). Should this occur, the price guarantee level would be lower than a processor received in the past. The FAIR Act of 1996 repealed both the program's no cost requirement (in effect since FY1986) and standby authority (in effect during FY1992-1996) to impose marketing allotments under certain conditions. (references) |
Source: compiled by the editor from various references; see credits. | |
Hexadecimal (or equivalents, 770AD-1900s) (references)53 55 47 41 52 50 52 49 43 45 53 55 50 50 4F 52 54 50 52 4F 47 52 41 4D |
| Leonardo da Vinci (1452-1519; backwards) (references)
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Binary Code (1918-1938, probably earlier) (references)01010011 01010101 01000111 01000001 01010010 00100000 01010000 01010010 01001001 01000011 01000101 00100000 01010011 01010101 01010000 01010000 01001111 01010010 01010100 00100000 01010000 01010010 01001111 01000111 01010010 01000001 01001101 |
HTML Code (1990) (references)S U G A R   P R I C E   S U P P O R T   P R O G R A M |
ISO 10646 (1991-1993) (references)0053 0055 0047 0041 0052 0050 0052 0049 0043 0045 0053 0055 0050 0050 004F 0052 0054 0050 0052 004F 0047 0052 0041 004D |
Encryption (beginner's substitution cypher): (references)535541355225052433739253555050495254250524941523547 |
| 1. Orthography 2. Bibliography |
Copyright © Philip M. Parker, INSEAD. Terms of Use.
