The parity concept of agricultural policy suggests that farmers should obtain a constant ratio of the prices they receive for their farm products and the prices they pay for goods and services in general.

Question

Quizplus · Accepted Answer

The parity concept in agricultural policy is indeed aimed at ensuring that farmers maintain a stable purchasing power by keeping the ratio of the prices they receive for their products to the prices they pay for goods and services relatively constant. This concept helps in protecting farmers from the volatile nature of agricultural markets.

The Parity Concept of Agricultural Policy Suggests That Farmers Should