price support

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  • noun

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a government subsidy used to maintain prices at a certain level

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The farm bill eliminates four dairy programs: the Dairy Product Price Support Program, Dairy Export Incentive Program, Federal Milk Marketing Order Review Commission and, beginning July 1, 2014, the Milk Income Loss Contract Program (MILC).
We had a very similar situation in 2006 when price supports dropped nearly to this level, but the price of production was less.
The Western States Dairy Producers Trade Association, representing groups whose members own 40 percent of the nation's dairy cattle, has called on the USDA to go beyond an increase in price supports, and buy 100 million pounds of cheese for distribution through food banks.
At auctions, if the tobacco companies didn't bid for a pile of tobacco for at least one cent more than the price support, the farmer received an advance, non-recourse loan from the co-op or pool.
So Bush's position on price supports will be critical when the Senate and House "conference" their bills.
In the European Union, the OECD's index of farm support rose to 49 per cent in 1999 from 45 per cent the previous year despite a reduction of price support in monetary terms, as the value of production fell.
Pressures to curb price supports are rising ahead of the next round of multilateral trade negotiations scheduled by the WTO from next year.
What's worse, it results in considerably higher costs to all of us who are already being heavily taxed to finance those price supports.
For some 50 years, those farmers have enjoyed both lucrative government price supports and strict quotas on peanuts imports-the same kind of trade practices we label unfair when imposed by other nations.
this spring and said that in addition to the price supports, they needed to defer $670 million in payments due on the government-guaranteed loan.
The sugar lobby pushed this program through Congress to hide the true costs of these outlandish price supports.
However, the picture was different in developing economy China, where government support to farmers rose sharply last year due to an increase in market price supports and the continued appreciation of China's currency, the yuan, the OECD said, with total support now exceeding that of the United States and the European Union in dollar terms.
These will subject countries to an unprecedented degree of international surveillance over up to now sacrosanct "domestic" policies, such as farm price supports, subsidies, and government procurement practices that have transnational effects.
to join the International Coffee Organization (ICO) and lobbying for governments to cut price supports for farmers in both the United States and in the European Union.
It is untrue that: * Lower price support rates (CCC loans) increase exports and, thence, increase farm profits, * Higher price supports result in over production, and * Lower price supports, cause lower production, and bring supply in balance with demand.