Asked by Chris Mckibben on Jun 16, 2024
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The Agricultural Act of 2014 expanded the direct payments, countercyclical payments, and marketing loans provided by the Food, Conservation, and Energy Act of 2008.
Agricultural Act
Legislation related to agricultural activities, policies, and subsidies.
Direct Payments
Cash payments provided by governments to farmers or businesses, often to support incomes, encourage investment, or protect against price fluctuations.
Countercyclical Payments
Payments made by the government to individuals or businesses during economic downturns to stabilize the economy by increasing purchasing power.
- Fathom the implications of policies and subsidies in agriculture on the economic landscape of farming.
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Learning Objectives
- Fathom the implications of policies and subsidies in agriculture on the economic landscape of farming.
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