The major way that the government supports crop prices is by granting nonrecourse loans to farmers.

Question

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The government provides nonrecourse loans to farmers as a way to support crop prices. This means that farmers can use their crops as collateral and receive a loan at a set price. If the market price for the crop drops, farmers can choose not to repay the loan and instead forfeit the crop to the government as payment. This helps provide stability to crop prices and supports farmers during times of low prices.

The Major Way That the Government Supports Crop Prices Is