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TeachMeFinance.com - explain Surplus Surplus The term 'Surplus ' as it applies to the area of agriculture can be defined as ' The amount by which available supplies are greater than the quantity that will bring producers an adequate income. A surplus may be due to production outrunning demand, a decline in consumption, or a general decline in consumer income or buying power. Historically, commodity programs have been designed to deal with 'problems' of surplus, and the Secretary of Agriculture has had discretion to determine whether an item is in surplus and should be removed from market channels to shore up prices. Approaches have included cropland diversion to reduce production, long-term storage of excess supplies, and purchase and donation of surplus items for foreign or domestic food program use'. Previous 5 Terms: Surge Surge Capacity Surge chamber Surge irrigation surnominal Next 5 Terms: Surplus energy Survey Survey And Certification Process Survey meter Survey of Patients’ Hospital Experiences 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.