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| Long title | An Act to enact the Agricultural Act of 1956 |
|---|---|
| Nicknames | Soil Bank Act |
| Enacted by | the84th United States Congress |
| Effective | May 28, 1956 |
| Citations | |
| Public law | 84-540 |
| Statutes at Large | 70 Stat. 188 |
| Codification | |
| Titles amended | 7 U.S.C.: Agriculture |
| U.S.C. sections created | 7 U.S.C. ch. 45 § 1801 |
| U.S.C. sections amended | 7 U.S.C. ch. 35 § 1281 |
| Legislative history | |
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TheAgricultural Act of 1956 (P.L. 84-540) created theSoil Bank Program (Title I was called theSoil Bank Act), addressed the disposal ofCommodity Credit Corporation (CCC) inventories of surplus stocks, containedcommodity support program provisions, and contained forestry provisions.[1] The Soil Bank Act authorized short- and long-term removal of land from production with annual rental payments to participants (Acreage Reserve Program andConservation Reserve Program, respectively). The Acreage Reserve Program, for wheat, corn, rice, cotton, peanuts, and several types of tobacco, allowed producers to retire land on an annual basis in crop years 1956 through 1959 in return for payments. The Conservation Reserve Program allowed producers to retire cropland under contracts of 3, 5, or 10 years in return for annual payments. The Soil Bank Act was repealed by Section 601 of theFood and Agriculture Act of 1965 (P.L. 89-321). The Conservation Reserve portion of the Soil Bank was a model for the subsequentConservation Reserve Program (CRP), enacted in 1985.
This article incorporatespublic domain material fromJasper Womach.Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition(PDF).Congressional Research Service.