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Agricultural Price And Income Instability
Fluctuations in the prices and incomes in the agricultural sector due to variables like weather conditions, demand changes, and global market forces.
Overallocation Of Resources
A situation where resources are distributed in an inefficient manner, often leading to excess supply and wasted assets.
Freedom To Farm Act
A U.S. law passed in 1996 aimed at deregulating agriculture, giving farmers more decision-making power regarding what to plant by phasing out certain subsidies and restrictions.
Price Supports
Government interventions in markets to establish or support the price of specific goods, often to ensure that farmers receive sufficient income.
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