Definition of Support price

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TeachMeFinance.com - explain Support price



Support price

The term 'Support price ' as it applies to the area of agriculture can be defined as ' A legislated minimum price for a particular commodity, maintained by USDA through a variety of mechanisms, such as nonrecourse loans and purchase programs'.

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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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