63.9k views
5 votes
The 2008 Farm Bill authorized a program called the _______________, which compensates dairy farmers when domestic milk prices fall below a certain level.

User Buchanora
by
8.0k points

1 Answer

4 votes

Final answer:

The 2008 Farm Bill introduced the Dairy Product Price Support Program, a form of price support for dairy farmers to ensure profitability when milk prices drop.

Step-by-step explanation:

The 2008 Farm Bill authorized a program called the Dairy Product Price Support Program (DPPSP), which compensates dairy farmers when domestic milk prices fall below a certain level. This program is a form of price support, a policy set to protect milk producers by ensuring they make enough profit to keep producing milk and other dairy products that are essential to our country, like cheese, chocolate milk, and ice cream. Governments introduce these types of agricultural price supports to help stabilize the incomes of farmers and maintain consistent production levels, despite the natural fluctuations in market prices.

User Scottwtang
by
8.0k points