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TeachMeFinance.com - explain Soil Bank Act Soil Bank Act The term 'Soil Bank Act ' as it applies to the area of agriculture can be defined as ' Title I of the Agricultural Act of 1956 (P.L. 84-540), designated the Soil Bank Act, created the Acreage Reserve Program to retire land producing basic commodities under an annual agreement from 1956 through 1959, and the Conservation Reserve Program, to retire agricultural land under contracts of 3, 5, or 10 years. The Soil Bank Act was repealed by Section 601 of the Food and Agriculture Act of 1965 (P.L. 89-321). Nevertheless, this early Conservation Reserve served as the model for the current Conservation Reserve Program (CRP), which was enacted in the Food Security Act of 1985'. Previous 5 Terms: soft defenses softwood SOI soil Soil Next 5 Terms: Soil Bank Program Soil Carbon Soil cement Soil classification Soil conditioner About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.