Agricultural Act of 1970
|Long title||An Act to establish improved programs for the benefit of producers and consumers of dairy products, wool, wheat, feed grains, cotton, and other commodities, to extend the Agricultural Trade Development and Assistance Act of 1954, as amended, and for other purposes.|
|Enacted by the||91st United States Congress|
|Effective||November 30, 1970|
|Stat.||84 Stat. 1358|
|Title(s) amended||7 U.S.C.: Agriculture|
|U.S.C. section(s) amended||Chapter 26 § 601|
This 3-year farm bill replaced some of the more restrictive and mandatory features of previous law (acreage allotments, planting restrictions, and marketing quotas) with voluntary annual cropland set-asides and marketing certificate payments to achieve parity prices (the precursor to target prices and deficiency payments). For the first time, the law adopted an annual payment limitation per producer (set at $55,000 per crop). Among other things, the Act also amended and extended the authority of the Class I differential in federal milk marketing order areas.
- Peters,Gerhard; Woolley, John T. "Richard Nixon: "Statement on Signing the Agricultural Act of 1970" November 30, 1970". The American Presidency Project. University of California - Santa Barbara. Retrieved June 25, 2013.
- This article incorporates public domain material from the Congressional Research Service document "Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition" by Jasper Womach.