Bankhead–Jones Farm Tenant Act of 1937
|Long title||An Act to create the Farmers’ Home Corporation, to promote secure occupancy of farms and farm homes, to correct the economic instability resulting from some present forms of farm tenancy, and for other purposes.|
|Enacted by||the 75th United States Congress|
|Effective||July 22, 1937|
|Statutes at Large||50 Stat. 522|
|Titles amended||7 U.S.C.: Agriculture|
|U.S.C. sections created||7 U.S.C. ch. 33 § 1000|
The Bankhead–Jones Farm Tenant Act of 1937 (P.L. 75-210) was passed on July 22, 1937[not in citation given] and authorized acquisition by the federal government of damaged lands to rehabilitate and use them for various purposes. Most importantly, however, the law authorized a modest credit program to assist tenant farmers to purchase land, and it was the culmination of a long effort to secure legislation for their benefit.
Management of Bankhead-Jones lands
First tenant farmer loan repayment
In February 1943, Roddie and Lucile Pridgett of [Rankin County, Mississippi], "became the first Negro farm family in the United States to repay their 36-year farm purchase loan to the Farm Security Administration which they obtained under the provisions of the Bankhead-Jones Tenant Purchase Act." They repaid their loan of $1,495 in only five years.
- "Thirty-six Year Loan Repaid In Five By Rankin County Negro". The New York Age. February 16, 1943.
- Banfield, Edward C. "Ten Years of the Farm Tenant Purchase Program." Journal of Farm Economics 31 (1949): 469-486.
- Bankhead-Jones Farm Tenant Act. U.S. Statutes at Large, 50, Part 1(1937): 522-33.
- 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.