-
In 1933, the year President Franklin D. Roosevelt swore into presidency, agriculture prices were at an all time low. That is when AAA came into play. The government would buy livestock for slaughter, and pay farmers subsidies in exchange for them to not plant on part of their land. This was done In order to raise agricultural prices.
-
By 1935, the income of farmers was 50% then it was prior to the AAA.The AAA impacted nearly 99% of all farmers at this time.
-
The Agriculture Act of 1954 established flexible support on prices for simple commodities (not including tobacco).
-
The act authorized a Commodity Credit Corporation reserve for relief, foreign and domestic.
-
The Farm Bill of 2014 authorized agriculture and nutrition programs from 2014 to 2018. The budget was $956 Billion for the next ten years.
-
The 2014 Farm Bill gave farmers more crop insurance options, and it expanded programs for farmers who grew specialty crops, farmers who were organic only, new farmers and ranchers, and many more.
