The farm price-support programs hurt consumers of the farm products, and moreover, the burden tends to be disproportionately heavier on the low-income consumers.

Question

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Farm price-support programs often lead to higher prices for farm products because they are designed to ensure farmers receive a minimum income for their products, regardless of market conditions. This can make food and other agricultural products more expensive for all consumers. Low-income consumers spend a larger proportion of their income on food compared to higher-income consumers, so when prices increase due to these supports, low-income consumers are disproportionately affected, making it harder for them to afford basic necessities.

The Farm Price-Support Programs Hurt Consumers of the Farm Products