A major justification for the use of price floors in agriculture was that

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Price floors in agriculture are often justified by the need to manage the effects of technological advancements that dramatically increase supply. This can lead to a surplus of agricultural products, causing prices to fall below the cost of production, which can harm farmers' livelihoods. Implementing price floors helps to stabilize prices by setting a minimum price at which these products can be sold, thus protecting farmers against the volatility that can be caused by technological improvements in production.

A Major Justification for the Use of Price Floors in Agriculture