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A Glossary of Australian Agricultural and Farm Business Terms

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Abbreviations Acronyms Home
N Chemical symbol for nitrogen
Napier Grass Pennistum purpureum Elephant Grass, Uganda Grass See http://www.blueplanetbiomes.org/elephant_grass.htm 
National Income Is derived from the Gross National Product by deducting depreciation and indirect taxation, and adding subsidies (subsidies in fact, are transfer payments, or grants of money from the state to certain industries).
Native Species  A species which is a part of the original fauna or flora of the area in question. Syn. indigenous. cf. introduced, resident and naturalised species.
Naturalised Species  A species not native to an area but which adapted to that area and has established a stable or expanding population. Does not require artificial inputs for survival and reproduction. Examples: barley grass, starling, etc.
Natural capital An extension of the economic notion of capital (manufactured means of production) to environmental goods and services. It is the stock of natural ecosystems that yields a flow of valuable ecosystem goods or services into the future. For example, a stock of trees or fish provides a flow of new trees or fish, a flow which can be sustainable indefinitely. See Ecosystem services.
Natural selection Selection which has not been influenced by man.
Natural sequence farming A farming system devised in Australia by Peter Andrews based on restoring natural hydrological features in the landscape that existed before European settlement.
Near Side  Left-hand side of an animal. The side from which a horse is mounted. Compare with off side.
Neck wool Matted collar of wool from around the neck of a sheep.
Necrosis, Necrotric Death of parts of an organism (usually used in relation to plants). Those parts that are dead are said to "necrotic".
Necrotrophic Utilising dead plant or animal tissues as a source of nutrients.
Necrotrophs Consumers (mainly fungi) of dead plants and animal remains.
Negative Gearing An investment is negatively geared when the interest on borrowed funds exceed the returns from the investment.
Negotiable Quota Scheme Abolished under Dairy deregulation.
Nematicide A chemical used to control nematodes (eelworms). Spelt “nematocide" in USA.
Nematodes Unsegmented roundworms, abundant in many soils, which may infect and damage the roots of plants.
Neo-Natal Mortality Deaths among the new born.
Nep Knot of entangled fibres as a result of carding
Net Cash Flow The difference between receipts and payments in any particular period (month, quarter, year).
Net Change The change after all considerations have been made.
Net Farm Income The difference between total revenue and total expenses, including gain or loss on the sale of all capital assets; also the return to owner equity, unpaid labour and management.
Net Farm Income From Operations See Net Farm Income
Net Operating Loss (NOL) A negative net farm profit for income tax purposes, which can be used to offset past and/or future taxable income.
Net Present Value (NPV) The present value of the net cash flows that will result from an investment, minus the amount of the original investment. See Interest rate formulae
Net Primary Production The net increase in plant biomass within a specified area and time interval, i.e. primary production minus that used in metabolic processes.
Net Profit The final profit for the proprietors as a return to their time and management. Obtained by adjusting the net cash income for total depreciation, net inventory changes and the value of products consumed at home. Net profit is the profit from the year's operation and represents the return to the owner for personal and family labour, management and equity used in the farm business.
Net Return The rate of return of the net profit per hundred dollars of total asset.
Net Worth The difference between the value of the assets owned by a business and the value of its liabilities. Also called owner equity.
Neutron Moisture Meters A device using the attenuation of radiation to measure the water content of soil.
Niche The ecological role of a species in a community.
Nicking A term used to describe a successful cross between two parents.
Nitrification The conversion in the soil of ammonium ions into nitrate ions by the action of certain bacteria (Nitrosomonas and Nitrobacter).
Nitrogen Cycle The sequence of biochemical changes undergone by nitrogen, wherein it is used by a living organism, liberated upon the death and decomposition of the organism and converted to its original state of oxidation.
Nitrogen Fixation, Nitrogen-fixing bacteria The transformation of free nitrogen from the air into nitrogenous compounds by various bacteria in the soil. Certain bacteria (Rhizobium spp) living in the root nodules of legumes are able to 'fix' nitrogen, which is then available to the plant.
Nitrogenase An enzyme used by some organisms to fix atmospheric nitrogen gas.
Nitrophilous Weeds Annual species that are favoured by soils rich in nitrogen.
Node The joint on a plant stem where the leaf is attached.
Nodules Swellings on the roots of legumes which are inhabited by nitrogen-fixing bacteria.
Noil The short fibre left over from combing wool or spinning silk. Silk noil is also (incorrectly) called "raw silk". As noil is a relatively short fibre, fabric made from noil is weaker and considered less valuable.
Nomadic Pertaining to the habit of wandering from place to place, usually within a well defined territory. Syn. migrant.
Nominal (a) Being such in name only. (b) A measurement at a point in time, the value of which relates to that point of time only.
Nominal Dollars Dollars that include an inflation component.
Nominal Interest The market rate of interest that contains a component to allow for inflation
Nominal Terms Dollars or interest rates which include an allowance for expected inflation.
Non-aqueous concentrate A solution of an active ingredient in oil or non-aqueous solvents, used as such or diluted with non-aqueous solvents to form a true solution.
Non-cash Expense An expense that does not involve the expenditure of cash, such as depreciation.
Non-current Asset An asset that will normally be owned or used up over a period longer than a year. (Fixed Asset)
Non-current Liability A liability that will normally be paid over a period longer than a year. (Deferred Liability)
Non-Host Rotations Rotations of crops or pasture cultivars which are not hosts to particular plant diseases or to soil borne parasites.
Non-leakage device A device for preventing water or cleaning solutions from the reverse flow cleaning system entering the milking plant during the milking operation.
Non-Operating Items Items of revenue and expense and other gains and losses which are attributable to events and transactions outside the normal operations of the business. (NB the most common is interest received or paid)
Non-persistent Pesticide (Soft Pesticides) A pesticide whose harmful effects are of relatively short duration and, therefore, do not normally contaminate the environment for long periods after application. Phosphate-based pesticides such as Malathion® and Parathion® are examples of non-persistent pesticides.
Non-Point Source Pollution Pollution whose source is general rather than specific in location. It is widely used in reference to agricultural and related pollutants. cf Point Source Pollution
Non-Protein Nitrogen A term used in animal nutrition to describe that fraction of dietary nitrogen which is not protein i.e. free amino acids, nitrates, ammonium and nucleic acids.
Non - Real Estate All assets other than land and items attached to land, such as buildings and fences.
Non-Renewable Resources Also called fund resources are those which are consumed in use like the fossil fuels (coal, petroleum and natural gas) and which for most purposes must be viewed as finite cf. renewable resources.
Non-selective A term used for chemical substances which show practically no discrimination and have a wide spectrum of action.
Non-Selective Grazing Utilisation of forage by grazing animals in such a way that all forage species and plants are grazed to a comparable degree. It is generally achieved by using a high stocking density for a short grazing period.
Non-volatile A description particularly applied to hormone weedkillers, to denote that the product does not give off volatile fumes. This term is scientifically inaccurate, as all chemicals have some measure of volatility, though often it is so low as to be negligible. The correct term is "low-volatile".
Normal Balance The usual balance of an account in the double-entry system. Assets and expenses normally have debit balances, whereas liability, revenue and equity accounts normally have credit balances.
Normalized Difference Vegetation Index (NDVI) A simple numerical indicator that can be used to analyse remote sensing measurements, typically, but not necessarily, from a space platform, and to assess whether the target being observed contains live green vegetation.
Note Payable A liability resulting from signing a promissory note, which is a legal, written promise to repay a loan.
Note Receivable An asset resulting from lending money to a person and receiving a promissory note (see note payable).
No-till A form of conservation tillage also called zero tillage and previously termed chemical farming. The crop is planted (drilled) in to the undisturbed soil using equipment designed to handle previous crop or pasture residues.  Chemical sprays are generally used to kill weeds or other plants prior to planting. See also Strip-till, Mulch-till, Ridge-till
No-Till Fallow A fallow where plant growth is achieved chemically and the soil remains uncultivated.
Novice Young sheep dog that has only competed in a limited number of trials.
Noxious Species A plant species that is undesirable because it conflicts, restricts, or otherwise causes problems under management objectives. Not to he confused with species declared noxious by laws concerned with plants that are weedy in cultivated crops and on sown pastures.
Noxious Weeds Any grass or forb, usually designated as harmful to livestock, farm crops or other useful plants.
NSM Not Station Mated. Usually ewes that have not been joined, and therefore not in lamb. This description is given to indemnify vendor from the possibility that a stray ram may have got into the mob and mated with the ewes.
Nucleus A specialised body within the protoplasm of a cell that contains the chromosomes.
Nurse cow Cow used to rear calves by suckling.
Nurse Crop A temporary crop seeded at or near the time primary plant species are seeded to provide protection and otherwise help to insure establishment of the latter, cf. companion crop, preparatory crop.
Nut A one seeded fruit in which the fruit wall is hard or woody at maturity.
Nutraceuticals A term derived from the words 'nutrition' and 'pharmaceutical' which refers to foods claimed to have a medicinal effect on human health. Such foods are also called functional foods. It can also refer to individual chemicals present in common foods.
Nutrient Any food constituent or ingredient that is required for or aids in the support of life.
Nutrient Toxicity Describes a situation where the concentration of an element is too high e.g. aluminium toxicity.
Nutrition Ingestion, digestion or assimilation of food by plants or animals.
Nutritive Value Relative capacity of a given forage or other feed-stuff to furnish nutrition for animals. The term is usually prefixed by high, low or moderate.
Nymphomaniac Female animal in continuous oestrus. In cattle called a buller.