price support

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price support

n.
Maintenance of prices, as of a raw material or commodity, at a certain level usually through public subsidy or government intervention.

price support

n
(Government, Politics & Diplomacy) government maintenance of specified price levels at a minimum above market equilibrium by subsidy or by purchase of the market surplus at the guaranteed levels

price′ support`


n.
the maintenance of the price of a commodity, product, etc., esp. by means of public subsidy or government purchase of surpluses.
[1945–50]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.price support - a government subsidy used to maintain prices at a certain level
subsidy - a grant paid by a government to an enterprise that benefits the public; "a subsidy for research in artificial intelligence"
References in periodicals archive ?
However, some industry claim the price supports have impeded dairy exports, distorted domestic markets and constrained dairy product innovation.
The one thing the price supports never take into account is increased crop and fuel prices, and we were seeing those at the same time the financial crash took place last fall.
Ordinarily, dairy farmers who go out of business despite the availability of federal price supports would be regarded as unfortunate but ultimately necessary casualties of the impersonal workings of a relatively free market: Eventually, fewer producers would mean a lower volume of dairy products, resulting in higher prices for those who survive.
According to the Heritage Foundation, a conservative think tank, agricultural price supports cost American consumers about $27 billion a year by making food more expensive.
For example, he said, "[T]he government could set a price at which it would buy unused vaccines, similar to the way agricultural price supports work.
In 2002, Bush signed into law a farm bill that earmarked billions of dollars in subsidies and price supports for U.
At the last moment the price supports were reportedly dropped from the omnibus federal energy bill conference committee final recommendations in mid-November.
597) includes gas price supports for the owners of the Alaskan natural gas: BP, ExxonMobil and ConocoPhillips.
On Farm Policy: Each week, DTN's On Farm Policy provides in-depth coverage and discussion of everything from exports to price supports, as presented by the nation's leading economists, USDA officials and commodity organization representatives.
Price supports and payments based on output accounted for three quarters of this sum, but a number of ad hoc emergency packages - which are theoretically less trade-distorting - risked generating expectations of continued support which could alter future production decisions, the OECD said.
Pressures to curb price supports are rising ahead of the next round of multilateral trade negotiations scheduled by the WTO from next year.