Question

Farmers receive payments from the government if prices for​ wheat, corn,​ soybeans, and certain other crops fall below a certain level in order to protect farmers from cheaper prices charged by foreign competitors. this is an example of​ a(n) _______.

Answer 1

Subsidy.

Agricultural subsidies are payed to farmers by the government to help stabilize food prices, ensure plentiful production, guarantee basic farmer incomes, and boost the agricultural segment as a whole.