The Food, Conservation, and Energy Act of 2008:  A. ended 60 years of U.S. price supports for American grain crops. B. restored the U.S. price support system (for currently grown crops) that was ended in the Freedom to Farm Act of 1996. C. ended the "freedom to plant" approach of the Freedom to Farm Act of 1996 and restored acreage allotments. D. maintained the "freedom to plant" and "direct-payment" features of the Freedom to Farm Act of 1996, and also provided countercyclical payments and marketing loans to assist farmers

ENGR.ECONOMIC ANALYSIS
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 The Food, Conservation, and Energy Act of 2008: 
A. ended 60 years of U.S. price supports for American grain crops.
B. restored the U.S. price support system (for currently grown crops) that was ended in the Freedom to Farm Act of 1996.
C. ended the "freedom to plant" approach of the Freedom to Farm Act of 1996 and restored acreage allotments.
D. maintained the "freedom to plant" and "direct-payment" features of the Freedom to Farm Act of 1996, and also provided countercyclical payments and marketing loans to assist farmers.

Expert Solution
Step 1

1) Freedom to Farm Act(1996): Ended 60 years of support price that was provided by the US government for the American grain crops. It was the Freedom to Farm Act that ended the support price for American grains.

Hence, the first statement, about the  Food, Conservation, and Energy Act of 2008, is incorrect.

2) The US price support/subsidy program was restored under the Farm Security and Rural Investment Act of 2002 as the Act allocated approximately 16.5 billion dollars per annum towards agricultural subsidies.

Hence, the second statement, about the  Food, Conservation, and Energy Act of 2008, is incorrect.

3) It was the Farm Security and Rural Investment Act of 2002 in which congress ended the "freedom to plant" approach of the Freedom to Farm Act of 1996 to bring stability to agriculture crop prices.

Hence, the third statement, about the  Food, Conservation, and Energy Act of 2008, is also incorrect.

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