In 2015, Farmer Lactose's dairy farm lost money. Under the Agricultural Act of 2014 dairy margin protection program, which of the following events would have triggered payments to Farmer Lactose?

Question

Quizplus · Accepted Answer

The Agricultural Act of 2014 dairy margin protection program was designed to provide payments to dairy producers when the margin (the difference between the price of milk and the cost of feed) fell below a certain level. This could happen either because the price of milk fell too low, making it difficult for farmers to cover their costs, or because the price of feed rose too high, increasing the cost of production. Therefore, either event would have triggered payments.

In 2015, Farmer Lactose's Dairy Farm Lost Money