The Federal Farm Board was actually created in 1929, before the stock market crash on Black Tuesday (October 29, 1929), but its powers were later enlarged to meet the economic crisis farmers faced during the Great Depression. It was established by the Agricultural Marketing Act to stabilize prices and to promote the sale of agricultural products. The board would help farmers stabilize prices by holding surplus grain and cotton in storage. The Farm Board was Herbert Hoover's response to the Great Depression.
| 30px | This United States government–related article is a stub. You can help Wikipedia by expanding it. |
Famous quotes containing the words federal, farm and/or board:
“If the federal government had been around when the Creator was putting His hand to this state, Indiana wouldn’t be here. It’d still be waiting for an environmental impact statement.”
—Ronald Reagan (b. 1911)
“Wind goes from farm to farm in wave on wave,
But carries no cry of what is hoped to be.
There may be little or much beyond the grave,
But the strong are saying nothing until they see.”
—Robert Frost (1874–1963)
“She hears me strike the board and say
That she is under ban
Of all good men and women,
Being mentioned with a man
That has the worst of all bad names.”
—William Butler Yeats (1865–1939)