The fundamental cause of agricultural price and income instability in the United States has been a(n)

Question

Quizplus · Accepted Answer

Overallocation of resources to the farm sector of the economy relative to that of the nonfarm sector has led to agricultural price and income instability in the United States. This is because excess production leads to lower prices for farmers, and the lack of diversification in the rural economy means that communities dependent on agriculture suffer when prices fall. Additionally, government policies to support agriculture, such as price supports and subsidies, can even exacerbate the problem by encouraging overproduction.

The Fundamental Cause of Agricultural Price and Income Instability in the United