There is pressure from some groups for supply control to prop up prices . But congress will most likely leave the market orientated policies of Freedom to Farm in place. In the process there will be a push to expand global markets for U.S. farm goods. There is general agreement the U.S. should seek an end to tariffs and subsidies in global trade talks. Supply control sounds good, especially at a time like this, but in a world market we might find ourselves importing cheaper food.
Supply is reduced to drive up the price.
The most recent supply control programs saw producers selling the commodity at the world price with a deficiency payment to the grower if the selling price was less than the predetermined target price. In instances when the domestic price is above the world price, industries that use these commodities will find ways to use less expensive raw commodities from off shore. And the concept of parity keeps raising its' head. Parity refers to the buying power of a unit of a commodity as compared to the buying power during 1910-14. It doesn't take into account farm efficiency.