Types of Agricultural Policies - JSS2 Agricultural science Lesson Note

1. Price Support Policies: This type of policy aims to stabilise prices for agricultural products by implementing mechanisms such as subsidies or price controls. Price support policies can help mitigate income volatility for farmers and ensure a steady income stream.

2. Input Subsidies: Agricultural input subsidies involve providing financial assistance to farmers for essential inputs like seeds, fertilisers, and equipment. These subsidies aim to lower production costs, enhance productivity, and improve farmers' access to essential resources.

3. Trade Policies: Trade policies in agriculture focus on regulating the import and export of agricultural goods to safeguard domestic markets and promote international trade. These policies may include tariffs, quotas, and trade agreements to balance trade dynamics and protect domestic producers.