How did the agricultural marketing act of 1929 help farmers during the Great Depression? It set up a system of direct sales for farmers, increasing their income. It also helped farmers expand their operations by providing them with incentives to do so. Additionally, the act established the National Agriculture Research Center, which provided support for farmers and their businesses by conducting market research and education. This law had both positive and negative effects for farmers.
The Agricultural Marketing Act of 1929 was a controversial law that sought to change the way farmers were paid for their produce. The bill, originally referred to as the “McNary-Haugen Bill,” was defeated by big business and wealthy individuals. The beef industry was the biggest opponent of the act. They had a powerful lobby in both houses of Congress and were concerned about the rising cost of beef.
However, farmers protested Hoover’s limited efforts to increase the prices of farm products. As a result, many farmers resorted to violence. Some farmers burned their crops in order to avoid losses and dumped milk on highways. Despite their efforts, the farmers’ strike ended when winter weather hit the Midwest. Despite their unrest, the New Deal programs helped farmers survive these hard times.
The Great Depression caused drastic changes in rural America. As a result, exports fell significantly and farmers lost a significant percentage of their income. The increase in farm production in Russia and Europe created a worldwide glut, further depressing prices. Farmers’ incomes were devastated and many left the countryside in search of a better life. This is when the Agricultural Marketing Act of 1929 helped. The act aimed to help farmers get paid for the products they sold.
After the Depression, the Agricultural Marketing Act of 1929 created the Federal Farm Board, a government agency established on the principles of cooperative marketing organizations. In addition, the board had the authority to provide loans to cooperative associations, advance to members of these groups, and even create stabilization corporations. These organizations aimed to control surpluses by purchasing agricultural products. This agency would be responsible for administering the Federal Farm Board.
As a result of the Great Depression, President Roosevelt brought in a diverse group of people to assist in the recovery. While rural traditionalists favored local control and self-governance, urban liberals argued for a powerful government role. In addition, the agricultural sector was addressed separately from the rest of the U.S. economy. There were also some advocates who argued for a different approach to agricultural policies.
Electricity was another key element of the REA program. Using hydroelectric power, the TVA provided low-cost electricity to rural communities. In addition, Roosevelt established the Electric Home and Farm Authority, which helped rural farmers purchase electricity and use electric appliances. After the Great Depression, many farmers had to turn to alternative sources of income, like employment in urban industrial sectors. That helped them survive in the long run.