The National Wool Act of 1954 (Title VII of
Agricultural Act of 1954
The Agricultural Act of 1954 (P.L. 83-690) is a United States federal law that, among other provisions, authorized a Commodity Credit Corporation reserve for foreign and domestic relief.
The Act established a flexible price support for basic comm ...
(P.L. 83-690)) provided for a new and permanent price support program for wool and mohair to encourage increased domestic production through incentive payments.
Wool and mohair commodity programs were in effect through
marketing year A marketing year is a period of one year (or sometimes less), designated for reporting and (or) analysis of production, marketing and disposition of a commodity. (Disposition of an agricultural crop might include such uses as food, animal feed, ind ...
1995, at which time it was terminated under the explicit mandate of P.L. 103–130, Sec. 1.
See also
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Amendments to the National Wool Act
The Amendments to the National Wool Act Pub. L. 103-130 (selected provisions), 107 Stat. 1368-1369 (1993), signed into law November 1, 1993, phased out wool and mohair price supports at the end of 1995.
See also
:National Partnership for Reinven ...
References
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1954 in American law
United States federal agriculture legislation
83rd United States Congress
Wool trade
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