Question

GOVERNMENT INTERYeNTION IN GRIC ERNMENT INTERVENTION IN AGRICULTURE population grows at a decreasing rate while food production grows at an increasing rate 16, The rationale for the federsl govenment's inter- eDtion in thve US. food arwl fiber industIy includes current protecting an infant incdustre, b. keeping focd prices low providing for food safety. d. none of the above. 17. Examples of federal programs that expand demand d none od the above. S. A record croo can lead to 18. oducts a sharp declines in input use and cash receipts from sale of production. b. sharp declines in farn product prices and cash receipts from sale of production. c. sharp declines in cash receipes frons sale of pro- duction and higher input prices y than Why? -level include the National School Lunch Program h. the Farmer-Owned Reserve Program. apport 15 d. none of the above. 6. The roots of the "farm problem include he Conservation Reserve Program. d. n0ne of the above. c. and REFERENCES Koutson RD, JB Penn, BL Flinchbaugh, and JLQut law: Agricaltaral and food policy, 6th ed., Engle wood Cliffs, N J., 2006, Prentice Hal. Malthus T: An essay on the priniple of popalation, Home- wood, I!l, 1963, Richard D. Irwin 7. The more inelastic the market demand curve for a commodity, the more prices will 8. The 2013 Farm Bill will include the following "safery net" a. Set-aside provisions for program commodities b. Commodity storage programs tor excess feed grain production Direct payments d. None of the above- 9. The food and fiber industry includes which of tb following: Food and fiber consumers ST a. b. Ethanol processing plants c. Farmers and ranchers d. All of tbe above 10. Commodities covered by federal government pro- ate grams include a. pork b. hay c. rice d. none of the above. or de as 11. The role of government payments to supporting net farm income levels was relatively important in the early to mid-1980s b. was relatively unimportant in the early 2010s. c. varies directly with price-cost squeeze. d. all of the above. 12, The more inelastic the market demand curve for a com- modity is, the more prices will if supply increases. 13, Excess capacity refers to the situation where - of a particular product is sufficient to meet demand 14,/The U.S. food and fiber industry is one of the least- regulated industries in the U.S. economy. T F 15. There is more capital per unit of output than all other sectors of the U.S. economy combined. T F

question 6, 7, 9, 10, 12, 13, 14, 15, 16 and 17

Answer 1

Ans (6) --> small and marginal land holding , agriculture marketing , subsidies , more urbanisation

Ans (7) --> increase

Ans(9) --> d

Ans(12) --> decrease