Soil Bank Program

	Soil Bank Program The Soil Bank Program is a federal program (authorized by the Soil Bank Act, P.L. 84-540, Title I) of the late 1950s and early 1960s that paid farmers to retire land from production for 10 years. It was the predecessor to today’s Conservation Reserve Program (CRP). Proposed by President Eisenhower as part of the 1956 Agriculture Act, the original idea was for the government to buy back sub-marginal land that was homesteaded in the late 1800s. This would both extend pastures, forests and watersheds and also reduce the need for the government to support overproduction In economics, overproduction, oversupply, excess of supply or glut refers to excess of supply over demand of products being offered to the market. This leads to lower prices and/or unsold goods along with the possibility of unemployment. The d .... The maximum enrollment was in 1960. Some elements in the CRP, such as a limit on CRP acres per county, were a response to the Soil Bank experience. References ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Soil Bank Act The Soil Bank Act of 1956 was part of the Agricultural Act of 1956 passed by the U.S. Congress. This act created the Soil Bank Program, which removed farmland from production in an effort to reduce large crop surpluses after World War II. Land deposited into the Soil Bank was then converted into conservation use.Rockoff, Hugh and Gary M. Walton. History of the American Economy. 11th ed. Mason, Ohio: South-Western Cengage Learning, 2010. Print. 500. The idea for the Soil Bank was taken from legislation from the 1930s dust bowl and was similar to many depression-era solutions to lower crop prices. Eventually, the Soil Bank act of 1956 was overturned by the Food and Agriculture Act of 1965. History Following World War II, the government struggled with how to deal with the large farm surpluses that had been created by price supports."Soil Bank Program (SB), 1956–1960" Warnell School of Forest Resources. The first proposed solution to the problem was the Brannan Plan proposed by Secr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Conservation Reserve Program The Conservation Reserve Program (CRP) is a cost-share and rental payment program of the United States Department of Agriculture (USDA). Under the program, the government pays farmers to take certain agriculturally used croplands out of production and convert them to vegetative cover, such as cultivated or native bunchgrasses and grasslands, wildlife and pollinators food and shelter plantings, windbreak and shade trees, filter and buffer strips, grassed waterways, and riparian buffers. The purpose of the program is to reduce land erosion, improve water quality and effect wildlife benefits. History The program originally began in the 1950s as the conservation branch of the Soil Bank Program which was authorized by the Agricultural Act of 1956. The theory behind this branch of the Soil Bank Program was to focus on lands that were at high risk of erosion, remove them from agricultural production, and establish native or alternative permanent vegetative cover in an effort to c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Overproduction In economics, overproduction, oversupply, excess of supply or glut refers to excess of supply over demand of products being offered to the market. This leads to lower prices and/or unsold goods along with the possibility of unemployment. The demand side equivalent is underconsumption; some consider supply and demand two sides to the same coin – excess supply is only relative to a given demand, and insufficient demand is only relative to a given supply – and thus consider overproduction and underconsumption equivalent. Overproduction is often attributed as due to previous overinvestment – creation of excess productive capacity, which must then either lie idle (or under capacity), which is unprofitable, or produce an excess supply. Explanation Overproduction is the accumulation of unsalable inventories in the hands of businesses. Overproduction is a relative measure, referring to the excess of production over consumption. The tendency for an overproduction of commodities ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]