Asked by Chris Mckibben on Jun 16, 2024

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The Agricultural Act of 2014 expanded the direct payments, countercyclical payments, and marketing loans provided by the Food, Conservation, and Energy Act of 2008.

Agricultural Act

Legislation related to agricultural activities, policies, and subsidies.

Direct Payments

Cash payments provided by governments to farmers or businesses, often to support incomes, encourage investment, or protect against price fluctuations.

Countercyclical Payments

Payments made by the government to individuals or businesses during economic downturns to stabilize the economy by increasing purchasing power.

  • Fathom the implications of policies and subsidies in agriculture on the economic landscape of farming.
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KS
Kennedy SimmonsJun 19, 2024
Final Answer :
False
Explanation :
The Agricultural Act of 2014 (also known as the 2014 Farm Bill) actually ended direct payments, countercyclical payments, and replaced them with new programs like the Price Loss Coverage (PLC) and Agricultural Risk Coverage (ARC).