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Concept information

Preferred term

Agricultural Adjustment Act of 1933

Type

  • Topic

Definition

  • Information Signed May 12, 1933, this law introduced the price support programs, including production adjustments, and the incorporation of the Commodity Credit Corporation (CCC), under the laws of the State of Delaware on October 17, 1933. The program benefits were financed mostly by processing taxes on the specific commodity. The Act also made price support loans by the CCC mandatory for the designated "basic" (storable) commodities: corn, wheat, and cotton. Support for other commodities was authorized upon the recommendation by the Secretary of Agriculture with the President's approval.

Broader concept

In other languages

URI

https://lod.nal.usda.gov/nalt/5277

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