When the agricultural marketing act of 1929 went into effect, it helped farmers get a better price for their produce. The Act was passed as a result of a dispute that occurred between farmers and grain elevators. Elevator owners were charging farmers high prices for their products. The agricultural marketing act ended this discrimination and put an end to inflated market prices.
There are two theories on how this act could have an impact on farmers. One theory is that it caused farmers to hold on to more of their produce which in turn helped to keep the market prices up. The second theory is that it caused farmers to use more of their produce which also increased the supply and decreased the demand. This would have had a negative impact on the market prices. This article will address both the theories.
Since the Agricultural marketing Act of 1929, the market has been able to maintain its price level because of the Act. In addition to this, there are other things that have contributed to the maintained level of the market. One thing that has helped the market maintain its price is that there has not been a lot of deflation in the markets. Although there have been cases where agricultural products and food were in short supply, the demand hasn’t been affected to the point that there has been a deflation in the market.
The Act did help farmers in other ways as well. It helped farmers increase their income by helping them get better prices for their products. Also, the Act helped farmers increase their knowledge on how to increase the productivity of their crops. The Act also encouraged farmers to expand and experiment with new types of crops and improved irrigation systems.
How can we make sure that the agricultural marketing act of 1929 helps us today? The agricultural bill of 1994 that was passed is still being implemented. By making the Act permanent, farmers can benefit from it for a longer period of time. Although you don’t see any immediate changes happening in the agricultural sector due to this, you should know that history will repeat itself. That is why we need to have a permanent act to help us get over this crisis.
What would help us in the agricultural marketing act of 1929? If we increase our productivity, we will be able to make better use of what we have. This will also help reduce our dependence on foreign countries. By increasing the market share of local producers, we will be able to keep our local economy alive. Farmers won’t lose their jobs and the local market will be able to continue. However, if the government decides that it would like to introduce some intervention into the market, then they should be very careful in doing so because this could result to more severe problems down the road.