Protection for Peanuts: Supply, Demand, and Agricultural Support Policies

This lesson on the economics of the peanut industry—using interactive activities, primary source analysis, and graphing—is a great tool for economics, history, and government teachers.

Grade Level

 9–12

Concepts:

  • Demand
  • Embargo
  • Equilibrium price
  • Equilibrium quantity
  • Incentives
  • Quotas

 

  • Subsidies
  • Supply
  • Tariffs
  • Tariff rate quotas
  • U.S. agricultural policy

Time required

 110 minutes consisting of two 55-minute class periods if completing both parts of the lesson; extension  activity adds 30–45 minutes to the lesson, depending on class size

hand holding freshly grown shelled peanuts