Business / Agriculture / Prime Farmland: Land that is best suited to and available for the production of food, feed, forage, fiber, and oilseed crops. It can be cropland, pastureland, rangeland, forestland, or other land. It has the soil quality, growing season, and moisture needed to produce high yields of crops each year economically, if managed according to acceptable farm practices. Prime farmland produces the highest yields with minimal expenditure of energy and economic resources and does so with the least damage to the environment. Of the 334 million acres of prime farmland, 216 million are in cropland use, according to the 1992 national resources inventory. See unique farmland.
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Science / Astrology / Prime Vertical: The great circle that rises vertically from the east point of the horizon and passes through Earth's zenith and nadir. MORE
Business / Finance / Prime Rate Fund: A mutual fund that buys portions of corporate loans from banks and pays the interest to shareholders. MORE
Business / Finance / Prime Rate: The interest rate that banks charge to their most creditworthy customers. The prime rate is an important reference number, because loans to companies are often tied to it on a percentage basis. See al MORE