USDA stands for United States Department of Agriculture and is a federal agency founded by Abraham Lincoln in 1862.#
The USDA is responsible for the oversight of agriculture, ranching and forestry, as well as regulating aspects of food quality and safety and nutrition labeling.
The USDA is also tasked with managing several welfare programs, including free school lunches and food stamps.
Gross Processing Margin (GPM) is the difference between the cost of a commodity and the revenue generated after the commodity has been sold as a finished product.
In the financial arena, the term hardening is commonly used to refer to a period of rising prices and decreasing volatility, especially in commodity trading.
A horizontal spread is a simultaneous long and short position in derivatives for the same underlying asset and strike price, but with different expiration dates.
Tick size - the minimum change in the price increment of a trading instrument.
– Tick sizes used to be in fractions (e.g. 1/16th of $1), but today they are mostly decimal based and expressed in cents.
Agribusiness is a combination of the words “agriculture” and “business” and refers to any business related to agriculture and commercial activities related to agriculture.
An application-specific integrated circuit (ASIC) miner is a computerized device or hardware that uses an ASIC solely to mine bitcoin or another cryptocurrency.