Prior to 2001, if the market price of cotton was below the government's loan rate,
A. The cotton farmer gave the crop to the CCC and was forced to exit the industry.
B. The cotton farmer received a loan deficiency payment and relinquished the crop to the CCC.
C. The cotton farmer, in effect, bought the crop from the CCC.
D. The cotton farmer defaulted on the loan but kept the crop; the CCC kept the money.
Answer: B
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