TeachMeFinance.com - explain Food and Agricultural Act of 1965
Food and Agricultural Act of 1965 The term 'Food and Agricultural Act of 1965 ' as it applies to the area of agriculture can be defined as ' P.L. 89-321 (November 3, 1965) was the first multi-year farm legislation, providing for 4-year commodity programs for wheat, feed grains, and upland cotton. It was extended for 1 more year, through 1970, by enactment of P.L. 90-559. It authorized a Class I milk base plan for the 75 federal milk marketing orders and a long-term acreage diversion under a Cropland Adjustment Program. The law also continued payment and acreage diversion programs for feed grains and cotton, and certificate and diversion programs for wheat'.
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