Agricultural Support Policies
Definition
These are government policies designed to support farmers and ensure stable food supply. They might include subsidies, price supports, crop insurance programs, etc.
Analogy
Consider agricultural support policies as a farmer's toolbox - just like tools help fix things around the farm, these policies help fix issues in the agricultural sector.
Related terms
Farm Bill: A package of federal legislation enacted every five years or so to regulate an array of agricultural and food programs.
Subsidies: Financial aid provided by the government to support a desirable activity or lower the price of a product.
Crop Insurance: A type of coverage that compensates farmers if they experience substantial crop loss due to natural disasters or decline in revenue due to drops in agricultural commodity prices.
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