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TeachMeFinance.com - explain Thrifty Food Plan (TFP) Thrifty Food Plan (TFP) The term 'Thrifty Food Plan (TFP) ' as it applies to the area of agriculture can be defined as ' The TFP is one of four USDA-designed food plans specifying foods and amounts of foods to provide adequate nutrition. It is used as the basis for designing food stamp program benefits. It is the cheapest food plan and is priced monthly using the price data collected for the consumer price index (CPI). However, it is not the same as the food components of the CPI. The monthly cost of the TFP used for the food stamp program represents a national average of prices (four-person household consisting of an adult couple and two school-age children) adjusted for other household sizes through the use of a formula reflecting economies of scale. For food stamp purposes, the TFP as priced each June sets maximum benefit levels for the fiscal year beginning the following October'. Previous 5 Terms: threptic Threshold Threshold Runoff threshold velocity THRFTR Next 5 Terms: thronal Through cut THRU Thrust block (anchor block) THRUT 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.