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| Long title | An Act to establish improved programs for the benefit of producers and consumers of dairy products, wool, wheat, feed grains, cotton, and other commodities, to extend the Agricultural Trade Development and Assistance Act of 1954, as amended, and for other purposes. |
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| Enacted by | the91st United States Congress |
| Effective | November 30, 1970 |
| Citations | |
| Public law | 91-524 |
| Statutes at Large | 84 Stat. 1358 |
| Codification | |
| Titles amended | 7 U.S.C.: Agriculture |
| U.S.C. sections amended | Chapter 26 § 601 |
| Legislative history | |
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InUnited States federal agriculture legislation, theAgricultural Act of 1970 (P.L. 91-524) initiated a significant change in commodity support policy.[1]
This 3-year farm bill replaced some of the more restrictive and mandatory features of previous law (acreage allotments, planting restrictions, andmarketing quotas) with voluntary annual cropland set-asides andmarketing certificate payments to achieve parity prices (the precursor to target prices and deficiency payments). For the first time, the law adopted an annual payment limitation per producer (set at $55,000 per crop). Among other things, the Act also amended and extended the authority of the Class I differential infederal milk marketing order areas.
This article incorporatespublic domain material fromJasper Womach.Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition(PDF).Congressional Research Service.| International | |
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