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support price

American

noun

the price at which the government will purchase commodities, especially farm produce, in order to maintain a certain price level.

Etymology

Origin of support price

First recorded in 1940–45

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Alba cut production in March due to shipping issues, and analysts expect sustained disruption to support price premiums.

From The Wall Street Journal • Apr. 13, 2026

The moves came after a Thursday report from Reuters suggesting that the federal government wouldn’t support price floors for critical minerals—a reversal from prior policy.

From Barron's • Jan. 29, 2026

Farmers say a guaranteed minimum support price for other crops would stabilize their incomes.

From Seattle Times • Feb. 16, 2024

Farmers are asking for guaranteed floor prices - also known as minimum support price or MSP - which allows them to sell most of their produce at government-controlled wholesale markets, or mandis.

From BBC • Feb. 14, 2024

This time, the farmers’ central demand concerns something called the minimum support price, or M.S.P.

From New York Times • Feb. 14, 2024

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023