Discuss why corn price has risen and ended up being too high


Problem

Crop Prices Erode Farm Subsidy Program High corn and soybean prices mean farmers are making the most money in their lives. The reason: Grain prices are far too high to trigger payouts under the U.S. primary farm-subsidy program's "price support" formula. The market has done what Congress couldn't do and that is "slash farm subsidies."

In the market for corn with a price support, explain why the corn price has risen and ended up being too high to "trigger payouts."

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Discuss why corn price has risen and ended up being too high
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