Agricultural Act of 1948

Agricultural Act of 1948
Citations

Long title	An Act to authorize the Secretary of Agriculture to stabilize prices of agricultural commodities; to amend section 22 of the Agricultural Adjustment Act, reenacted by the Agricultural Marketing Agreement Act of 1937; and for other purposes.
Enacted by	the 80th United States Congress
Effective	July 3, 1948
Public law	80-897
Statutes at Large	62 Stat. 1247
Codification
Titles amended	7 U.S.C.: Agriculture
U.S.C. sections amended	Chapter 35 § 1281
Legislative history
Introduced in the House as H.R. 6248 Signed into law by President Harry S. Truman on July 3, 1948

The Agricultural Act of 1948 (Pub.L. 80-897, 62 Stat. 1247) was enacted by the United States Congress and signed into law by President Harry S. Truman on July 3, 1948.^[1] The legislation revised and authorized several aspects of U.S. agricultural policy and agricultural subsidies.^[2]

Summary

The Agricultural Act of 1948 enacted several agricultural policy reforms, including mandatory price supports for basic commodities at 90% of parity. It also mandated that in 1950, parity would begin to incorporate price averages of the previous ten years and the 1910-14 base period.^[2] The legislation also amended several provisions of the previously passed Agricultural Adjustment Act of 1938 (Pub.L. 75-430, 52 Stat. 31), including price support and marketing quotas for corn, wheat, cotton, rice and tobacco. Title I of the law, which pertained to price stabilization, took effect immediately while Title II, which amended the Agricultural Adjustment Act of 1938, and Title III, which contained various miscellaneous provisions, both took effect on January 1, 1950.^[3]

References

↑ Peters,Gerhard; Woolley, John T. "Harry S. Truman: "Statement by the President Upon Signing the Agricultural Act.," July 3, 1948". The American Presidency Project. University of California - Santa Barbara. Retrieved June 27, 2013.
1 2 "Farm Bill Definitions". The National Agricultural Law Center. Retrieved 24 June 2012.
↑ Pub.L. 80-897, 62 Stat. 1247, enacted July 3, 1948

External links

United States federal agriculture legislation

Farm Bills	Federal Farm Loan Act (1916) Agricultural Adjustment Act (1933) Agricultural Adjustment Act Amendment of 1935 Soil Conservation and Domestic Allotment Act of 1936 Agricultural Adjustment Act of 1938 Agricultural Act of 1948 Agricultural Act of 1949 Agricultural Act of 1954 Agricultural Act of 1956 Agricultural Act of 1961 Food and Agriculture Act of 1965 Agricultural Act of 1970 Agriculture and Consumer Protection Act of 1973 Food and Agriculture Act of 1977 Agriculture and Food Act of 1981 Food Security Act of 1985 Food, Agriculture, Conservation, and Trade Act of 1990 Federal Agriculture Improvement and Reform Act of 1996 Farm Security and Rural Investment Act of 2002 Food, Conservation, and Energy Act of 2008 Agricultural Act of 2014

Additional Legislation	Hatch Act of 1887 Agriculture Appropriation Act of 1905 Agricultural Appropriations Act of 1922 Cotton Futures Act (1914) Cotton Futures Act (1916) Grain Standards Act (1916) Wheat Price Guarantee Act (1919) Future Trading Act (1921) Grain Futures Act (1922) Capper–Volstead Act (1922) Agricultural Marketing Act (1929) Farm Credit Act of 1933 Frazier–Lemke Farm Bankruptcy Act (1934) Bankhead–Jones Act of 1935 Commodity Exchange Act (1936) Bankhead-Jones Farm Tenant Act (1937) Agricultural Marketing Agreement Act of 1937 Agricultural Trade Development and Assistance Act of 1954 National Wool Act of 1954 Agricultural Fair Practices Act of 1967 Farm Credit Act of 1971 Consolidated Farm and Rural Development Act of 1972 Commodity Futures Trading Commission Act of 1974 Agricultural Trade Act of 1978 Agricultural Adjustment Act of 1980 National Aquaculture Act of 1980 Caribbean Basin Economic Recovery Act of 1983 Extra-Long Staple Cotton Act of 1983 Agricultural Credit Act of 1987 Hunger Prevention Act of 1988 Alien Species Prevention and Enforcement Act of 1992 National Wool Act Amendments of 1993 Federal Crop Insurance Reform and Department of Agriculture Reorganization Act of 1994 Agricultural Research, Extension, and Education Reform Act of 1998 Agriculture Risk Protection Act of 2000

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