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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Under the Food, Conservation, and Energy Act of 2008, when the market price of a crop falls below the target price, eligible farmers receive a countercyclical payment to make up the difference. In this case, since the price of corn fell below the target price, the farmer would receive a countercyclical payment.

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