This disambiguation page lists articles associated with the same title. If an internal link led you here, you may wish to change the link to point directly to the intended article.
In 1929, President Hoover signed the Agricultural Marketing Act, establishing the Federal Farm Board with a fund of $500 million to further farming cooperatives and to set up stabilization boards, which by their purchases on the open market were to stabilize the prices of grain and cotton.
The act made price-support loans by the CCC mandatory on the designated basic commodities of corn, wheat, and cotton; optional support was authorized for other commodities.
Agricultural subsidies in the United States, Japan, and the European Community (now the European Union) were issues of contentious debate in the Uruguay (1986–94) round of international trade negotiations under the General Agreement on Tariffs and Trade (GATT) and remain so in the World Trade Organization.
Congress then achieved part of the original Act's goals with the Soil Conservation and Domestic Allotment Act of 1936 until the enactment of a second AAA (P.L. 75-430) on February 16, 1938.
Leonora Fuller, an associate of Hiss from 1933 to 1935 stated that Hiss, Lee Pressman, Gardner Jackson, Frank Shea and others interpreted the Agricultural Adjustment Act not in the spirit of the law but in manner which would suit their own beliefs and private purposes.
Fuller stated it was the definite purpose of this group to change the form of government of the United States, regardless of its democratic and constitutional underpinings, and to use the instrumentality of the offices of the Department of Agriculture to further their purpose.
Feeds |
Contact