Agricultural Marketing Act of 1929

Agricultural Marketing Act
Citations

Other short titles	Agricultural Marketing Act of 1929
Long title	An Act to establish a federal farm board to promote the effective merchandising of agricultural commodities in interstate and foreign commerce, and to place agriculture on a basis of economic equality with other industries.
Acronyms (colloquial)	AMA
Nicknames	Farm Relief Bill
Enacted by	the 71st United States Congress
Effective	June 15, 1929
Public law	71-10
Statutes at Large	46 Stat. 11
Legislative history
Introduced in the House as H.R. 1 by Gilbert N. Haugen (R–IA) on April 17, 1929 Passed the House on April 25, 1929 (365-35) Passed the Senate on May 14, 1929 (54-33) Reported by the joint conference committee on June 13, 1929; agreed to by the House on June 13, 1929 (250-113) and by the Senate on June 14, 1929 (74-8) Signed into law by President Herbert Hoover on June 15, 1929

The Agricultural Marketing Act of 1929, under the administration of Herbert Hoover, established the Federal Farm Board from the Federal Farm Loan Board established by the Federal Farm Loan Act of 1916 with a revolving fund of half a billion dollars.^[1] 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 lent out to the farmers in order to buy seed and food for the livestock, which was especially important since there had previously been a drought in the Democratic South. However, Hoover refused to lend to the farmers themselves, as he thought that it would be unconstitutional to do so and if they were lent money, they would become dependent on government money.

Effects

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 eventually exhausted and the losses of the farmers kept rising.

The H.R. 1 legislation was passed by the 71st Congressional session and enacted by the 31st President of the United States Herbert Hoover on June 15, 1929.^[2]

The Act was the precursor to the Agricultural Adjustment Act.

References

↑ Chapter 4: Crisis and Activism: 1929-1940, United States Government Printing Office
↑ Gerhard Peters; John T. Woolley. "Herbert Hoover: "Statement on the Enactment of the Farm Relief Bill and on Plans for the Federal Farm Board.," June 15, 1929". The American Presidency Project. University of California - Santa Barbara.

External links

Peters, Gerhard; Woolley, John T. "Herbert Hoover: "Letter to the Speaker of the House Recommending Appropriations for the Federal Farm Board.," June 17, 1929". The American Presidency Project. University of California - Santa Barbara.
Peters, Gerhard; Woolley, John T. "Herbert Hoover: "Executive Order 5200, Transferring the Division of Cooperative Marketing to the Federal Farm Board.," October 1, 1929". The American Presidency Project. University of California - Santa Barbara.

United States federal agriculture legislation

Farm Bills	Federal Farm Loan Act (1916) Agricultural Adjustment Act (1933) Agricultural Adjustment Act Amendment of 1935 Soil Conservation and Domestic Allotment Act of 1936 Agricultural Adjustment Act of 1938 Agricultural Act of 1948 Agricultural Act of 1949 Agricultural Act of 1954 Agricultural Act of 1956 Agricultural Act of 1961 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 Agricultural Act of 2014

Additional Legislation	Hatch Act of 1887 Agriculture Appropriation Act of 1905 Agricultural Appropriations Act of 1922 Cotton Futures Act (1914) Cotton Futures Act (1916) Grain Standards Act (1916) Wheat Price Guarantee Act (1919) Future Trading Act (1921) Grain Futures Act (1922) Capper–Volstead Act (1922) Agricultural Marketing Act (1929) Farm Credit Act of 1933 Frazier–Lemke Farm Bankruptcy Act (1934) Bankhead–Jones Act of 1935 Commodity Exchange Act (1936) Bankhead-Jones Farm Tenant Act (1937) Agricultural Marketing Agreement Act of 1937 Agricultural Trade Development and Assistance Act of 1954 National Wool Act of 1954 Agricultural Fair Practices Act of 1967 Farm Credit Act of 1971 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 National Aquaculture Act of 1980 Caribbean Basin Economic Recovery Act of 1983 Extra-Long Staple Cotton Act of 1983 Agricultural Credit Act of 1987 Hunger Prevention Act of 1988 Alien Species Prevention and Enforcement Act of 1992 National Wool Act Amendments of 1993 Federal Crop Insurance Reform and 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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