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TeachMeFinance.com - explain Basing point Basing point The term 'Basing point ' as it applies to the area of agriculture can be defined as ' A geographical site used to establish fixed rates and/or prices for federal milk marketing orders. Generally, rates or prices increase according to the distance from the basing point. The FAIR Act of 1996 authorizes USDA to consider the use of multiple basing points for pricing milk under federal milk orders'. Previous 5 Terms: Basin Boundary Basin Lag Basin Recharge Basin runoff model Basin States Next 5 Terms: Basis Basis risk BAT BAT batholith About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.