Agriculture Marketing Act

Under the administration of Herbert Hoover, the Agriculture Marketing Act of 1929 established the Federal Farm Board with a revolving fund of half a billion dollars. The original act was sponsored by Hoover in an attempt to stop the downward spiral of crop prices by seeking to buy, sell and store agricultural surpluses or by generously lending money to farm organizations. Money was loaned out to the farmers in order to buy seed and food for the livestock (this was especially important since there had been a drought in the Democratic South previously), but Hoover refused to lend to the farmers themselves, thinking that it was unconstitutional and if they were lent money, they would become dependent on government money. The Federal Farm Board's purchase of surplus could not keep up with the production-as farmers realized that they could just sell the government their crops, they reimplemented the use of fertilizers and other techniques to increase production. Overall, the deflation could not be countered because of a massive fault in the bill-there was no production limit. Had there been a production limit, the deflation might have been helped somewhat. The funds appropriated were exhausted eventually and the losses of the farmers kept rising.

The Act was the precursor to the Agricultural Adjustment Act.

United States federal agriculture legislation
Farm Bills
  • Federal Farm Loan Act of 1916
  • Agricultural Adjustment Act (1933)
  • Agricultural Adjustment Act Amendment of 1935
  • Agricultural Adjustment Act of 1938
  • Agricultural Act of 1948
  • Agricultural Act of 1949
  • Agricultural Act of 1954
  • Agricultural Act of 1956
  • Food and Agriculture Act of 1965
  • Agricultural Act of 1970
  • Agriculture and Consumer Protection Act of 1973
  • Food and Agriculture Act of 1977
  • Agriculture and Food Act of 1981
  • Food Security Act of 1985
  • Food, Agriculture, Conservation, and Trade Act of 1990
  • Federal Agriculture Improvement and Reform Act of 1996
  • Farm Security and Rural Investment Act of 2002
  • Food, Conservation, and Energy Act of 2008
  • 2012 U.S. Farm Bill
Additional
Legislation
  • Hatch Act of 1887
  • Agriculture Appropriation Act of 1905
  • Capper–Volstead Act (1922)
  • Agriculture Marketing Act (1929)
  • Frazier–Lemke Farm Bankruptcy Act (1934)
  • Bankhead–Jones Act of 1935
  • Agricultural Marketing Agreement Act of 1937
  • Agricultural Trade Development and Assistance Act of 1954
  • Consolidated Farm and Rural Development Act of 1961
  • Agricultural Fair Practices Act of 1967
  • Consolidated Farm and Rural Development Act of 1972
  • Commodity Futures Trading Commission Act of 1974
  • Agricultural Trade Act of 1978
  • Agricultural Adjustment Act of 1980
  • Caribbean Basin Economic Recovery Act of 1983
  • Agricultural Credit Act of 1987
  • Hunger Prevention Act of 1988
  • Alien Species Prevention and Enforcement Act of 1992
  • Department of Agriculture Reorganization Act of 1994
  • Agricultural Research, Extension, and Education Reform Act of 1998
  • Agriculture Risk Protection Act of 2000


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