Bits Quote by Dan Quayle
“Target prices? How that works? I know quite a bit about farm policy. I come from Indiana, which is a farm state. Deficiency payments - which are the key - that is what gets money into the farmer's hands. We got loan, uh, rates, we got target, uh, prices, uh, I have worked very closely with my senior colleague, (Indiana Sen.) Richard Lugar, making sure that the farmers of Indiana are taken care of.”
About This Quote
Source Speech: Agricultural Policy, 1995
Target prices and deficiency payments are key tools to support farmers financially.
In simple terms: Farm subsidies stabilize income.
Key Takeaway
Support agricultural stability.
Themes
agriculture
policy
economics
Mood
informative
pragmatic
Type
political
economic
When to use this quote
- farm management
- legislative advocacy
- budget planning
Key Concepts
subsidies
market intervention
Questions to Reflect On
- How effective are target prices today?
- What alternatives exist for farmer support?
A Different Perspective
Policies can create market distortions.
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