Agricultural Act of 1954

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Agricultural Act of 1954
Great Seal of the United States
Long titleAn Act to provide for greater stability in agriculture; to augment the marketing and disposal of agricultural products; and for other purposes.
NicknamesNational Wool Act of 1954
Enacted bythe 83rd United States Congress
EffectiveAugust 28, 1954
Citations
Public law83-690
Statutes at Large68 Stat. 897
Codification
Titles amended7 U.S.C.: Agriculture
U.S.C. sections amendedChapter 35a § 1421
Chapter 44 § 1781
Legislative history
  • Introduced in the House as H.R. 9680
  • Passed the House on July 2, 1954 (228-170)
  • Reported by the joint conference committee on August 17, 1954; agreed to by the Senate on August 17, 1954 (44-28) and by the House on August 17, 1954 (agreed/passed)
  • Signed into law by President Dwight D. Eisenhower on August 28, 1954

The Agricultural Act of 1954 (P.L. 83-690) is a United States federal law that, among other provisions, authorized a Commodity Credit Corporation reserve for foreign and domestic relief.[1]

The Act established a flexible price support for basic commodities (excluding tobacco) at 82.5-90% of parity and authorized a Commodity Credit Corporation (CCC) reserve for foreign and domestic relief. Title VII was designated the National Wool Act of 1954 and provided for a new price support program for wool and mohair to encourage increased domestic production. Price support for wool and mohair continued through marketing year 1995, at which time it was phased down and terminated under the explicit mandate of P.L. 103-130 (November 1, 1993). Mandatory support for wool and mohair was restored by the 2002 farm bill (P.L. 101-171, Sec. 1201-1205). [2]

This Act is separate from, and should not be confused with, the Agricultural Trade Development and Assistance Act of 1954.

References[edit]

  1. ^ Peters,Gerhard; Woolley, John T. "Dwight D. Eisenhower: "Statement by the President Upon Signing the Agricultural Act of 1954" August 28, 1954". The American Presidency Project. University of California - Santa Barbara. Retrieved June 25, 2013.
  2. ^ CRS Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition - Order Code 97-905 Archived 2011-02-12 at the Wayback Machine

External links[edit]