26 Jul HOW WILL THE EFFECT ON THE FARMERS PROFIT BE WHEN CONSUMERS ARE CONSIDERED IN THE ANALYSIS?
The government wants to remove the price supports for feed grains (crops used to feed animals) whic Show more The government wants to remove the price supports for feed grains (crops used to feed animals) which was meant to reduce their price. The agricultural department opposes this move and declares that the price drop would damage the famers by first hitting poultry producers then producers of pork and lamb and finally beef producers. Is this analysis right? How will the effect on the farmers profit be when consumers are considered in the analysis? Please explain your answer Show less
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