a. Why are U.S. farmers subsidized? b. Explain how a subsidy paid to dairy farmers affects the
Question:
a. Why are U.S. farmers subsidized?
b. Explain how a subsidy paid to dairy farmers affects the price of milk and the marginal cost of producing it.
Use the following news clip to work Problems.
Biden’s Farm Problem With the highest commodity prices in seven years, many farmers are anticipating high profits in 2021.
Should Washington peel back the extensive subsidies that have kept farmers afloat for years?
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a US farmers are subsidized for a variety of reasons Here are a few main ones 1 Income support Some farms struggle with inconsistent income due to fac...View the full answer
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