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Farmers were greatly impacted by the stock market crash. This was due to the fact that no one that was purchasing their goods had the funds to continue to do so. This is a main event that lead into the economic shutdown we would later know as the Great Depression.
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In April 1933, a foreclosure judge was abducted by an angry mob made of American Farmers that beat him close to death. They were losing their livelihoods due to not being able to afford monthly payments to keep farms. They were pulling together and attempting to bail each other out financially but yet that wasn’t enough and the banks were repossessing farms. This lead to the Farm Credit Act which refinance mortgages that may have gone unpaid this also allowed farmers to buy back what was lost.
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The first farm bill that was created in order to provide restoration of the agricultural success during the great depression. This bill offered farmers money in order to produce less of certain crops (wheat, cotton, corn, tobacco, and rice.) in order to increased the price of the goods being produced. Farmers were realistically paid in order to produce less goods. Farmers that agreed to this destroyed just about a million acres of their own land that was already planted with crops.
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The Agricultural Adjustment Act was signed by President Franklin D. Roosevelt.
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The AAA act was said to be unconstitutional by the Supreme Court.
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The Agricultural Adjustment Act was signed by President Franklin D. Roosevelt.
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The Agricultural Act of 1948 was signed by President Harry S. Truman.
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The Agricultural Act of 1949 was signed by President Harry S. Truman.
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Also known as the National Wool Act.
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The Agricultural Act of 1954 was signed by President Dwight D. Eisenhower.
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Also known as the Soil Bank Act.
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The Agricultural Act of 1956 was signed by President Dwight D. Eisenhower.
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The Food and Agriculture Act was signed by President Lyndon B. Johnson.
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The Agricultural Act was signed by President Richard M. Nixon
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The Agriculture and Consumer Protection Act was signed by President Richard Nixon.
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Also known as the Agriculture Act.
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The Food and Agriculture Act was signed by President Jimmy Carter.
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Also known as the Agricultural Land Resources.
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The Agriculture and Food Act was signed by President Ronald Reagan.
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Also known as the Beef Promotion and Research Act.
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The Food Security Act was signed by President Ronald Reagan.
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Also known as the Agricultural Development and Trade Act.
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The Food, Agriculture, Conservation, and Trade Act was signed by President George H. W. Bush.
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Also known as the Agricultural Market Transition Act. This act removed the connection between support payments and farm prices.However, this act did reauthorize food stamps for two years and commodity donation programs for seven years. A fund for more rural areas was also implemented allowing more development and agricultural research.
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The Federal Agriculture Improvement and Reform Act was signed by President Bill Clinton.
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An agricultural support program which keeps prices for milk used to create dairy products to a minimum. The United States Department of Agriculture (USDA) assures that the dairy processor are making enough in order to pay farmers at least the support price. The support price is the price at which the government purchases commodities to maintain a specific price. This program was extended to May 31, 2002.
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The Farm Security and Rural Investment Act was signed by President George W. Bush.
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The first and only farm bill to be vetoed. This law became a law by being overridden by the House of Representatives and the Senate. This bill was passed by the Agricultural committee. However, a 34 page section of this farm bill was removed originally and the President was once again overridden making this bill into a law.
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Vetoed by President George W. Bush
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President George W. Bush was overridden by the House of Representatives and the Senate. The Food, Conservation, and Energy Act finally becomes a law.
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The Agriculture Act was signed by President Brock Obama.
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One of the new additions to the 2018 farm bill was to remove hemp from the controlled substance list. Allowing the USA to get in on an almost trillion dollar market for hemp products including fibers for yarn, oils for cooking, seeds, soaps, shampoos, and cosmetics. Canada is currently our largest supplier supplying the USA with roughly 90% of its hemp products. One of the other potential mark ups for hemp products are CBD oils which can aid different medical conditions like epilepsy.
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This act allowed to USDA to continue to create jobs, aid rural areas in America, and give American Farmers the much needed safety net. The 2018 Farm Act improved the previous farm bill budget. Allowing 76% to go towards nutrition, 9% to crop insurance, 7% each to both commodities and conservation, and only 1% for everything else.
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The Agriculture Improvement Act was signed by President Donald Trump.