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are my answers correct? 1. (6 PTS) Answer the following question as it relates to corn payments in the 2002 Farm Bill assuming: the target

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1. (6 PTS) Answer the following question as it relates to corn payments in the 2002 Farm Bill assuming: the target price is $4.00/bu the marketing loan rate is $2.50/bu the direct payment rate is $0.50 /bu market price for corn of $3.00/bu If the market price decreases by $1.00/ bu to $2.00 /bu, what would be the impact on counter-cyclical payments, direct payments, and marketing loan gains/loan deficiency payments? (i.e. CCPs go from xx to xx, etc) CCPs-Increase from 0 to .70/ bu DPs-Remein the same MLG/DPs-Increase from o to , 55/60

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