Under the Food, Conservation, and Energy Act of 2008, if the target price for a bushel of corn was $2.63 and the price of corn fell to $2.25, then a farmer would have received

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A countercyclical payment is a subsidy provided to farmers when prices for crops fall below a target price set by the government. In this scenario, the target price for corn is $2.63 per bushel, but the market price has fallen to $2.25 per bushel. As this is below the target price, the farmer would be eligible to receive a countercyclical payment to supplement their income.

Under the Food, Conservation, and Energy Act of 2008, If