With parity pricing in agriculture, farmers

Question

Quizplus · Accepted Answer

Parity pricing is a system of agricultural pricing that aims to maintain a balance between the prices farmers receive for their products and the prices they pay for goods and services. During the Depression years of the 1930s, parity pricing helped to stabilize farm incomes and prevent a further decline in agricultural prices. However, since the 1950s, parity pricing has not been able to keep pace with the rising costs of production, and farmers have seen a persistent downward movement in their purchasing power.

With Parity Pricing in Agriculture, Farmers