AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Price Stability Fuels Agricultural Viability
A collapse in demand, coupled with stable agricultural productivity, led to a significant drop in prices, fundamentally shaping U.S. agricultural policy. This event triggered the establishment of various price policies, including crop insurance, loans, and direct payments, aimed at ensuring the financial viability of agriculture and mitigating uncertainty. The government recognized the importance of a stable national food supply, implementing a price support system that guarantees farmers a minimum price for crops to maintain economic stability and promote parity in farming.