The concept of parity in farm policy implies that

A) farm incomes should remain stable over the business cycle.
B) a given output should always provide the farmer with the same real income.
C) the purchasing power of the farmer's dollar should rise each year.
D) the prices of farm commodities should remain stable.

Parity

The state of being equal or equivalent in terms of value, status, or amount.

Farm Policy

A set of government rules and programs aimed at regulating agricultural production, prices, and incomes to support farmers and ensure food security.

Farm Incomes

The earnings of individuals or households that derive from agricultural activities.