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Which of the following is correct? Group of answer choices Nonrecourse loan program does require the farmers pay back the loan. Direct payments involve government
Which of the following is correct? Group of answer choices Nonrecourse loan program does require the farmers pay back the loan. Direct payments involve government pay farmers directly and support farmers' income, as well as the market price. Effective price support program leads to higher price than the competitive market, and higher production. Government steps in to purchase the excess supply. The price support program sets up a minimum price that farmers get paid. It can be effective or not effective. When the support price is higher than the market price, the price is not effective
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