price support

American  

noun

1. the maintenance of the price of a commodity, product, etc., especially by means of a public subsidy or government purchase of surpluses.

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price support British  

noun

1. 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

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Etymology

Origin of price support

First recorded in 1945–50

Example Sentences

Laws passed in September 2020 rolled back government subsidies and price supports for staple crops including wheat and rice, and overhauled state-regulated markets where those products have been traded.

From Washington Post

Small farmers say the changes make them vulnerable to competition from big business, and that they could eventually lose price support for staples such as wheat and rice.

From Reuters

Small farmers say the changes make them vulnerable to competition from big business, and that they could eventually lose price supports for staples such as wheat and rice.

From Reuters

However, experts cautioned new regions cannot charge as much for seabed leases or expect to offer such low price support as Britain.

From Reuters

They fear the laws will undermine the government price supports that prop up small-hold farmers and open the door to a corporate takeover of agriculture.

From Los Angeles Times

Related Words

• subsidy
• tax benefit