Definition of Supply control programs

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Supply control programs

The term 'Supply control programs ' as it applies to the area of agriculture can be defined as ' Any of several government programs to influence the supply of farm products on the market. Some, such as acreage allotments and marketing quotas, are considered mandatory, in that farmers who produce or market in excess of assigned levels can be legally penalized. Others, such as cropland set-asides, acreage reductions and diversions, and farmer-held grain reserves, are considered voluntary, in that farmers are usually encouraged to participate through financial incentives'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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