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The Agriculture Adjustment Act was a United States federal law of the new deal era designed to boost agriculture prices by reducing surpluses. The government bought livestock for slaughter and paid farmers subsidies not to plant on part of their land. -
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This bill was signed into law by President Franklin Roosevelt on May 12,1933 -
It increased price and income supports and established a farmer-owned reserve for grain. -
An act to provide price and income protection for farmers and assure consumers of an abundance of food and fiber and a reasonable price. -
The 2018 farm bill legalized Hemp Production. -
The CBO projected the total cost of the 2018 Farm Act would be $428 billion over a 5 year period.