intervention price

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A guaranteed minimum price, set by a government, for agricultural produce. Should prices fall below this minimum, the government must buy the produce at this price. The intervention price is usually a percentage of the price hoped for in the open market. Try Polet (2007) GAIN Report E47016. In 2003, the European Union started to lower intervention prices, but raise direct support to farmers.

http://ec.europa.eu/agriculture/capreform/index_en.htm CAP reform and intervention prices.

Subjects: Earth Sciences and Geography.

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