answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: How did owing money to a bank prevent farmers from getting the highest price possible for their crops?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

How were high tariffs supposed to help farmers?

By stopping competition from farmers abroad --APEX


How does a market system prevent people from getting as many goods and services as they wish?

The market system allocates goods and sercives to those who are able to pay for those products and therefore income is a limiting factor.


Why will a monopolist charge less than the highest price possible?

A true monopolist will charge a VERY LOW price, so as to cause his competitors to go out of business. Then, when other companies have given up, he'll raise his prices. But in a free economy, he can't raise prices TOO high, for fear of attracting new entrants to the market. So a monopolist will invariably team up with market regulators to prevent new competition from arising. The Example of the Year of this phenomenon is the taxicab alliance supported by taxicab regulators, trying to prevent Uber and Lyft from stealing the taxi market with lower prices and better service,


Why does the US pay farmers not to grow crops?

Although the USDA used to pay farmers just for not growing crops due to large surpluses of primary commodities, the only form of payment now for not growing crops is a program called the Conservation Reserve Program (CRP). Certain types of environmentally sensitive areas, particularly riparian areas, need protection to prevent erosion or runoff. The USDA essentially "rents" this land for a relatively low price in return for the farmer's planting of permanent grasses, shrubs, and trees to hold the soil. The program requires the farmer to enter into a six-year contract (I think it's six years, though I may not remember correctly). The USDA has many different programs available to farmers and rural communities for a wide variety of purposes, but the CRP is the only one which even comes close to "...pay farmers not to grow crops."


Why does the US government pay farmers not to grow crops?

Although the USDA used to pay farmers just for not growing crops due to large surpluses of primary commodities, the only form of payment now for not growing crops is a program called the Conservation Reserve Program (CRP). Certain types of environmentally sensitive areas, particularly riparian areas, need protection to prevent erosion or runoff. The USDA essentially "rents" this land for a relatively low price in return for the farmer's planting of permanent grasses, shrubs, and trees to hold the soil. The program requires the farmer to enter into a six-year contract (I think it's six years, though I may not remember correctly). The USDA has many different programs available to farmers and rural communities for a wide variety of purposes, but the CRP is the only one which even comes close to "...pay farmers not to grow crops."

Related questions

Will theft charge disqualify you from getting insurance license in utah?

It is possible for a theft charge to disqualify you from getting an insurance license.


What is one way farmers can prevent the loss of many nutrients from the soil?

croprotation is one way farmers can prevent the loss of nutrients


Ways to prevent getting wet in the forest?

how to prevent getting wet in the forest how to prevent getting wet in the forest how to prevent getting wet in the forest


Why is it important for farmers to prevent soil erosion?

It's important for farmers to prevent soil erosion because as a result of soil erosion they can lose productive farmland.


How were high tariffs supposed to help farmers?

By stopping competition from farmers abroad --APEX


Why do farmers use terracing?

So that they can prevent the loss of soil.


What is the best way to prevent getting papilledema?

Preventing papilledema is only possible if the underlying condition causing the papilledema can be found. Treatment of this underlying condition may prevent recurrences of papilledema.


How do Pioneer farmers prevent a prairie fire?

they throw animal fat and they put clothes to prevent the fire


Can bv prevent you from getting pregnant?

BV shouldn't prevent you from getting pregnant.


How did farmers prevent soil erosions?

plant more crops and trees. :)


Is it safe to drive a car with a loose battery cable?

No, tighten it to prevent sparks and a possible fire.No, tighten it to prevent sparks and a possible fire.


Does candida prevent women from getting pregnant?

Not true,it can't prevent woman from getting pregnant