Why the corn price has risen and ended up being too high

Reference no: EM131298467

Crop prices erode farm subsidy program High corn and soybean prices mean farmers are making the most money in their lives. At the same time, 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."

Reference no: EM131298467

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