Agriculture and Consumer Protection Act of 1973
The Agriculture and Consumer Protection Act of 1973 (P.L. 93-86, also known as the 1973 U.S. Farm Bill) was the 4-year farm bill that adopted target prices and deficiency payments as a tool that would support farm income but reduce forfeitures to the Commodity Credit Corporation (CCC) of surplus stocks. (Target prices were eliminated by the 1996 farm bill (P.L. 104-127), but restored by the 2002 farm bill (P.L. 101-171, Sec. 1104).) It reduced payment limitations to $20,000 (from $55,000 set in 1970) for all program crops. The Act might be considered the first omnibus farm bill because it went beyond simply authorizing farm commodity programs. It authorized disaster payments and disaster reserve inventories; created the Rural Environmental Conservation Program; amended the Food Stamp Act o
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Agriculture and Consumer Protection Act of 1973
The Agriculture and Consumer Protection Act of 1973 (P.L. 93-86, also known as the 1973 U.S. Farm Bill) was the 4-year farm bill that adopted target prices and deficiency payments as a tool that would support farm income but reduce forfeitures to the Commodity Credit Corporation (CCC) of surplus stocks. (Target prices were eliminated by the 1996 farm bill (P.L. 104-127), but restored by the 2002 farm bill (P.L. 101-171, Sec. 1104).) It reduced payment limitations to $20,000 (from $55,000 set in 1970) for all program crops. The Act might be considered the first omnibus farm bill because it went beyond simply authorizing farm commodity programs. It authorized disaster payments and disaster reserve inventories; created the Rural Environmental Conservation Program; amended the Food Stamp Act o
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The Agriculture and Consumer P ...... and amended the (P.L. 92-419).
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agreedbody
House of Representatives
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Senate
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agreeddate
1973-07-31
1973-08-03
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article
Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition
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effective date
1973-08-10
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An original bill to extend and ...... nd fiber at reasonable prices.
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introducedby
Herman Talmadge
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introduceddate
1973-05-23
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Agriculture and Consumer Protection Act of 1973
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passedbody
passeddate
1973-06-08
1973-07-19
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signeddate
1973-08-10
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http://ncseonline.org/nle/crsreports/05jun/97-905.pdf|author= Jasper Womach
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The Agriculture and Consumer P ...... ; amended the Food Stamp Act o
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Agriculture and Consumer Protection Act of 1973
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