TeachMeFinance.com - explain National Wool Act of 1954
National Wool Act of 1954 The term 'National Wool Act of 1954 ' as it applies to the area of agriculture can be defined as ' 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 through incentive payments. Wool and mohair commodity programs were in effect through marketing year 1995, at which time it was terminated under the explicit mandate of P.L. 103-130 (November 1, 1993)'.
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