Business / Agriculture / Perishable Commodities: Farm goods that prior to processing cannot be stored for a substantial period of time without excessive loss through deterioration or spoilage. Examples of perishable commodities are fresh fruits and vegetables, meat and poultry. Most of the commodities purchased by the Agricultural Marketing Service under Section 32 authority are perishable items.
Business / Agriculture / Perishable Agricultural Commodities Act (PACA) Of 1930: P.L. 71-325 (June 10, 1930), as amended, regulates the buying and selling of fresh and frozen fruits and vegetables to prevent unfair trading practices and to assure that sellers will be paid promptly MORE
Business / Agriculture / Nonbasic Commodities: Commodities other than basic commodities for which USDA is authorized to provide price support in permanent law. This includes soybeans and other oilseeds, milk, sugar beets, and sugarcane. MORE