price supports

Price supports are government policies designed to stabilize or boost the income of farmers by maintaining the prices of their products at a certain level. This is often achieved through purchasing surplus crops or setting minimum prices that buyers must pay. The goal is to prevent prices from falling too low, which could harm farmers’ livelihoods, while ensuring stable supplies for consumers. Essentially, price supports act as a safety net, helping producers manage market fluctuations and maintain economic viability.