Question

Which option identifies the subsidies the farmer is eligible for in the following scenario?

In 2012, prices for wheat rose higher than the target market price. Farmer Jones planted 500 acres of wheat.


direct payment on 500 acres of wheat

direct payment on 425 acres of wheat

direct and countercyclical payments on 425 acres of wheat

direct and countercyclical payments on 500 acres of wheat

Answer 1

direct and countercyclical payments on 500 acres of wheat

Step-by-step explanation: