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Roosevelt's Agricultural Adjustment Act (AAA) of 1933 was designed to correct the imbalance. Farmers who agreed to limit production would receive “parity” payments to balance prices between farm and nonfarm products, based on prewar income levels. -
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Farm Bill of 1938 is enacted -
In 2008, the Food for Peace Act, ( Pub. L. 110–246 (text) (PDF)) formally replaced the Agricultural Trade Development and Assistance Act. Programs are authorized, along with all U.S. agricultural programs, through the Farm Bill which Congress typically amends and reauthorizes every five years.
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Food for Peace Act expired
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The 2018 Farm Bill provides support, certainty, and stability to our nation's farmers, ranchers, and forest managers by enhancing farm support programs, improving crop insurance, maintaining disaster programs, and promoting and supporting voluntary conservation. -
