this post was submitted on 16 Oct 2025
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Correct me if I'm wrong, but price floors are when you require a product to be sold above the price that the market is dragging it towards, where an otherwise exceedingly low price would be raised. In this case it's probably making sure that American-grown agricultural commodities are not undercut by the same commodities imported from elsewhere.
Price ceilings would be something implemented to guard against price-gouging.
The one price floor that would inflict misery on the American kulaks is a price floor on labor, i.e. minimum wage (and nationwide labor protections and benefits). We know he's not about to do anything like that.
Minimum wage is an example of a price floor. We already have price floors on a range of ag commodities. What happens in practice is that the government will limit imports and agree to buy those products at the price floor if the market price ends up being lower. This is one reason why we saw massive milk dumping during the pandemic. Instead of culling cows during a market shock, price floors kept supply up when demand was down. If this happens we will probably see food waste like we’ve never seen before while food gets more expensive.
:Steinbeck:
Yeah we have price floors on dairy where I live and it's solely to keep failing dairy farms afloat despite how horrible they are for literally everything and it drives up milk costs for consumers. This isn't harming the kulaks it's further subsidizing them.