Question: 1. Describe how a price support works. 2. List the three methods that government has used to restrict supply. 3. Describe the relationship between a

1. Describe how a price support works.
2. List the three methods that government has used to restrict supply.
3. Describe the relationship between a target price and a deficiency payment.
4. Explain how production flexibility contract payment, (fixed) direct payment, and countercyclical payment programs work.
5. Describe how nonrecourse commodity loan programs work.

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