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It was signed by President Woodrow WIlson. This act was helpful for farmers to recieve credit. Families could borrow up to 50% of the value of their land and 20% of improvements. The minumum loan was 100 dollars and the maximum was 10,000 dollars
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Price support was required at 90% of 1949 fundamental crops such as corn, cotton, peanuts, rice, tobacco, and wheat.
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This act increased price and income supports. It established a farmer -owned gain reserve. This bill created a new two-tier pricing system for peanuts.
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This bill includes ten titles including agriculture, ecology, energy, trade, and nutirition. 16.5 billion dollars goes to fund this bill each year.
