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The money for these subsidies was generated through an exclusive tax on companies that processed farm products. The Act created a new agency, the Agricultural Adjustment Administration, also called "AAA" (1933–1942), an agency of the U.S. Department of Agriculture, to oversee the distribution of the subsidies.
This is an article about the "Agricultural Adjustment Act of 1938". For the act by the same name in 1933, see Agricultural Adjustment Act.. The Agricultural Adjustment Act of 1938 (Pub. L. 75–430, 52 Stat. 31, enacted February 16, 1938) was legislation in the United States that was enacted as an alternative and replacement for the farm subsidy policies, in previous New Deal farm legislation ...
The Farm Credit Administration is an independent agency of the Executive Branch of the federal government of the United States.It regulates and examines the banks, associations, and related entities of the Farm Credit System, a network of borrower-owned financial institutions that provide credit to farmers, ranchers, and agricultural and rural utility cooperatives, as well as provides ...
United States v. Butler, 297 U.S. 1 (1936), is a U.S. Supreme Court case that held that the U.S. Congress has not only the power to lay taxes to the level necessary to carry out its other powers enumerated in Article I of the U.S. Constitution, but also a broad authority to tax and spend for the "general welfare" of the United States. [1]
On November 18, 1935, its name was changed to the Federal Surplus Commodities Corporation, and the Secretary of Agriculture, Henry A. Wallace at that time, the head of the Agricultural Adjustment Administration, and the governor of the Farm Credit Administration were placed on its board of directors. [6]
If the market price dropped below the fixed loan price, the farmer would give the harvested crop to the CCC. That would cancel the debt and leave the CCC with a storage issue. In effect CCC set a minimum price for crops such as corn, cotton and wheat. The second program was the Agricultural Adjustment Administration (AAA). It paid farmers to ...
Back in 1933, during the height of the Great Depression, the Supplemental Nutrition Assistance Program (SNAP) was built out as part of the Agricultural Adjustment Act. The purpose of the program ...
In 1933, with many farmers losing money because of the Great Depression, President Franklin D. Roosevelt signed the Agricultural Adjustment Act, which created the Agricultural Adjustment Administration (AAA). [2] The AAA began to regulate agricultural production by destroying crops and artificially reducing supplies.