price support

noun

: artificial maintenance of prices (as of a raw material) at some predetermined level usually through government action

Examples of price support in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Extending the suspension of permanent price support authority MacDonough pushed back against a Republican measure that sought to extend the suspension of permanent price authority, which has traditionally been a part of the farm bill. Alejandra O’Connell-Domenech, The Hill, 26 June 2025 The permanent price support authority dictates how the government supports the prices of certain agricultural commodities like corn, cotton, rice, and wheat, through loans, purchases, or other operations. Kelly Phillips Erb, Forbes.com, 24 June 2025 From the late 1930s until 2014, the federal government implemented a series of price supports to stabilize farm income that wound up driving overproduction. HubSpot, 2 May 2025 This focus on compliance is critical for OPEC+ cohesion, as overproduction has historically strained group dynamics and undermined price support efforts. David Blackmon, Forbes.com, 3 Apr. 2025 See All Example Sentences for price support

Word History

First Known Use

1927, in the meaning defined above

Time Traveler
The first known use of price support was in 1927

Cite this Entry

“Price support.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/price%20support. Accessed 19 Jul. 2025.

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