Asked by Sierra Summers on May 26, 2024
Verified
The 2014 Agriculture Act in the U.S. eliminated farm subsidies so as to encourage farmers to move their resources to nonfarming production activities.
2014 Agriculture Act
A comprehensive statute that governs agricultural and food policy in the United States, also known as the 2014 Farm Bill.
Farm Subsidies
Financial support and assistance provided by the government to farmers and agribusinesses to stabilize food prices, ensure a sufficient food supply, and support farmers' incomes.
- Gain an understanding of the historical context and advancement of U.S. agricultural subsidies and the objectives they aim to achieve.
Verified Answer
MK
Minoti KapurJun 01, 2024
Final Answer :
False
Explanation :
The 2014 Agriculture Act (also known as the 2014 Farm Bill) reformed but did not eliminate farm subsidies. It continued to provide substantial support to the agricultural sector, including crop insurance and commodity programs, rather than encouraging farmers to move their resources to nonfarming production activities.
Learning Objectives
- Gain an understanding of the historical context and advancement of U.S. agricultural subsidies and the objectives they aim to achieve.
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