Definition of Grazing fee

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TeachMeFinance.com - explain Grazing fee



Grazing fee

The term 'Grazing fee ' as it applies to the area of agriculture can be defined as ' A charge, usually on a monthly basis, for grazing a specific kind of livestock. For federal lands, the grazing fee is based on a formula found in the Public Rangelands Improvement Act (PRIA). The federal grazing fee is equal to a base fee of [$1.23 x the Forage Value Index (FVI)] + [the Beef Price Index (BPI)] - [the Prices Paid Index (PPI)] [100] and is charged per animal unit month'.

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Gray (Gy)
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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".


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