The Agricultural Act of 1954 (P.L. 83-690) is a

United States federal law The law of the United States comprises many levels of codified and uncodified forms of law, of which the most important is the nation's Constitution, which prescribes the foundation of the federal government of the United States, as well as va ...

that, among other provisions, authorized a

Commodity Credit Corporation The Commodity Credit Corporation (CCC) is a wholly owned United States government corporation that was created in 1933 to "stabilize, support, and protect farm income and prices" (federally chartered by the CCC Charter Act of 1948 (P.L. 80-806) ...

reserve for foreign and domestic relief. The Act established a flexible price support for basic commodities (excluding tobacco) at 82.5-90% of parity and authorized a Commodity Credit Corporation (CCC) reserve for foreign and domestic relief. Title VII was designated the

National Wool Act of 1954 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 The Commodity Credit Corpor ...

and provided for a new price support program for wool and mohair to encourage increased domestic production. Price support for wool and mohair continued 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 phased down and terminated under the explicit mandate of P.L. 103-130 (November 1, 1993). Mandatory support for wool and mohair was restored by the 2002 farm bill (P.L. 101-171, Sec. 1201-1205). CRS Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition - Order Code 97-905
This Act is separate from, and should not be confused with, the Agricultural Trade Development and Assistance Act of 1954.

References

External links

Information about U.S. agricultural laws, from cornell.edu
{{US-fed-statute-stub 1954 in law 1954 in the United States United States federal agriculture legislation 83rd United States Congress