The relationship between farm and nonfarm prices that existed during the period from 1910 to 1914 is known as
A)The payment-in-kind program.
B)The target price.
C)The farm parity price.

Question

Quizplus · Accepted Answer

The relationship between farm and nonfarm prices during the period from 1910 to 1914 is known as the farm parity price. This term refers to the ratio of prices received by farmers for their goods to the prices they paid for goods and services they needed, such as equipment, fertilizer, and seed. The goal was to ensure that farmers received a fair price for their crops and goods, which would allow them to maintain a reasonable standard of living. This relationship was used as the basis for agricultural policy during the early 20th century.

The Relationship Between Farm and Nonfarm Prices That Existed During