Price Support Programs

Price support programs are initiatives taken by governments to stabilize the prices of agricultural products. They aim to ensure that farmers receive a minimum income by intervening in the market when prices fall too low. This can involve buying excess crops, providing direct payments to farmers, or establishing price floors. The primary goal is to protect farmers from volatile market fluctuations, ensuring food security and supporting rural economies. These programs can benefit consumers by maintaining a steady supply of food, although they may also lead to higher prices if not managed carefully.