Agricultural Price Support by Government

Topic

Agricultural Price Support by Government

Instructions

Write a brief introduction explaining the issue or the problem e.g what is the issue and why is it an issue?
Write a literature review identifying the current research and understanding of the issue (may include discussions, elaborations, and findings in existing articles)

Answer preview

Most governments across the globe intercede rigorously in the procedure of the agricultural markets. The techniques they intercede and the motives they do so depend in great part on the wealth of a nation.  One of the reasons why governments intercede to endorse farm prices is that they normally are unpredictable. It is clear that farmers have no control over weather conditions, yet they are crucial determinants of the yields farmers get in a given year (“Price Support | USDA”, 2018).

Word count: 1878