TeachMeFinance.com - explain Agricultural Trade Development and Assistance Act of 1954
Agricultural Trade Development and Assistance Act of 1954 The term 'Agricultural Trade Development and Assistance Act of 1954 ' as it applies to the area of agriculture can be defined as ' P.L. 83-480 (July 10, 1954) is commonly referred to as 'PL 480' and 'Food for Peace.' The law established what continues to be the primary U.S. overseas food assistance program. The program makes U.S. agricultural commodities available through long-term credit at low interest rates and provides food donations'.
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