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A farm crisis is an American term for a time of agricultural recession, low crop prices and low farm incomes. The Interwar farm crisis was an extended period of depressed agricultural incomes from the end of the First to the start of the Second World War. The most recent US farm crisis occurred during the 1980s. [1] [2] [3]
The Food, Agriculture, Conservation, and Trade (FACT) Act of 1990 — P.L. 101-624 (November 28, 1990) was a 5-year omnibus farm bill that passed Congress and was signed into law. This bill, also known as the 1990 farm bill, continued to move agriculture in a market-oriented direction by freezing target prices and allowing more planting ...
The Development of American Agriculture: A Historical Analysis (1998) Conkin, Paul. A Revolution Down on the Farm: The Transformation of American Agriculture since 1929 (2008) Gardner, Bruce L. (2002). American Agriculture in the Twentieth Century: How It Flourished and What It Cost. Harvard University Press. ISBN 0-674-00748-4. Hurt, R. Douglas.
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Crop insurance is insurance purchased by agricultural producers and subsidized by a country's government to protect against either the loss of their crops due to natural disasters, such as hail, drought, and floods ("crop-yield insurance"), or the loss of revenue due to declines in the prices of agricultural commodities ("crop-revenue insurance").
The average price was $0.58 per pound. The 1914-1915 season totaled 16.5 million bales. [26] A report published by the USDA National Agricultural Statistics Service ranked the highest cotton-producing states of 2020 as Texas, Georgia, Arkansas, Mississippi, Alabama, Missouri, Oklahoma, Tennessee, California, and North Carolina. [27]
As the agricultural economy plummeted in the early 1930s, all farmers were badly hurt but the tenant farmers and sharecroppers experienced the worst of it. [14] To accomplish its goal of parity (raising crop prices to where they were in the golden years of 1909–1914), the Act reduced crop production. [15]
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