Under the Food, Conservation, and Energy Act of 2008, subsidies to farmers based on gaps between actual prices of crops and targeted prices were called

Question

Quizplus · Accepted Answer

The subsidies mentioned in the question, which are based on the gap between actual prices of crops and targeted prices, are countercyclical payments. Direct payments are subsidies that are paid regardless of market conditions, price supports are subsidies based on a fixed target price, and price gap set-asides do not exist as a type of subsidy program.

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