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Under this program congress establishes a price for a particular crop?
Wiki User
∙ 9y ago
Price supports
Wiki User
∙ 9y ago
Under this program, Congress sets a price floor for a specific crop, ensuring that farmers receive a minimum price for their produce. If the market price falls below the established price, the government may step in to purchase the surplus at the fixed price, thereby providing stability to the agricultural sector. However, this approach can lead to overproduction and surpluses, which can be costly for the government and distort market forces.
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How does the federal government attempt to stabilize farm prices?
Under the program of price supports, Congress establishes a support price for a particular crop. In order to avoid large surpluses every year, the government has adopted the idea of acreage allotment, acreage restriction. When a crop has been overproduced and large surpluses threaten to lower prices, the government turns to marketing quotas, marketing limits.
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Who Under the Separation of Powers doctrine who has the final word on how much money can be spent by a given agency or program?
Congress
Under the separation of powers doctrine Has the final word on how much money can be spent by a given agency or program?
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