Business / Agriculture / Agricultural Act Of 1954: P.L. 83-690 (August 28, 1954) established a flexible price support for basic commodities (excluding tobacco) at 82.5-90% of parity and authorized a Commodity Credit Corporation reserve for foreign and domestic relief. Title VII was designated the National Wool Act of 1954 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 1995, at which time it was phased down and terminated under the explicit mandate of P.L. 103-130 (November 1, 1993).
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Business / Agriculture / National Wool Act Of 1954: Title VII of Agricultural Act of 1954 was designated the National Wool Act and provided for a new and permanent price support program for wool and mohair to encourage increased domestic production thr MORE
Business / Agriculture / Agricultural Act Of 1949: P.L. 89-439 (October 31, 1949), along with the Agricultural Adjustment Act of 1938, makes up the major part of the permanent law that mandates commodity price and farm income support. The original 194 MORE