Agricultural Act of 1956
Encyclopedia
The Agricultural Act of 1956 (P.L. 84-540) created the Soil Bank Program
(Title I was called the Soil Bank Act
), addressed the disposal of Commodity Credit Corporation
(CCC) inventories of surplus stocks, contained commodity support program provisions, and contained forestry provisions. The Soil Bank Act authorized short- and long-term removal of land from production with annual rental payments to participants (Acreage Reserve Program and Conservation Reserve Program
, respectively). The Acreage Reserve Program, for wheat, corn, rice, cotton, peanuts, and several types of tobacco, allowed producers to retire land on an annual basis in crop years 1956 through 1959 in return for payments. The Conservation Reserve Program allowed producers to retire cropland under contracts of 3, 5, or 10 years in return for annual payments. The Soil Bank Act was repealed by Section 601 of the Food and Agriculture Act of 1965
(P.L. 89-321). The Conservation Reserve portion of the Soil Bank was a model for the subsequent Conservation Reserve Program
(CRP), enacted in 1985.
Soil Bank Program
The Soil Bank Program is a federal program of the late 1950s and early 1960s that paid farmers to retire land from production for 10 years. The predecessor to today’s Conservation Reserve Program. The maximum enrollment was in 1960...
(Title I was called the Soil Bank Act
Soil Bank Act
The Soil Bank Act — Title I of the Agricultural Act of 1956 — 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. ...
), addressed the disposal of Commodity Credit Corporation
Commodity Credit Corporation
The Commodity Credit Corporation is a wholly owned government corporation created in 1933 to "stabilize, support, and protect farm income and prices"...
(CCC) inventories of surplus stocks, contained commodity support program provisions, and contained forestry provisions. The Soil Bank Act authorized short- and long-term removal of land from production with annual rental payments to participants (Acreage Reserve Program and Conservation Reserve Program
Conservation Reserve Program
The Conservation Reserve Program is a cost-share and rental payment program under the United States Department of Agriculture , and is administered by the USDA Farm Service Agency . Technical assistance for CRP is provided by the USDA Forest Service and the USDA Natural Resources Conservation...
, respectively). The Acreage Reserve Program, for wheat, corn, rice, cotton, peanuts, and several types of tobacco, allowed producers to retire land on an annual basis in crop years 1956 through 1959 in return for payments. The Conservation Reserve Program allowed producers to retire cropland under contracts of 3, 5, or 10 years in return for annual payments. The Soil Bank Act was repealed by Section 601 of the Food and Agriculture Act of 1965
Food and Agriculture Act of 1965
The Food and Agricultural Act of 1965 , the first multiyear farm legislation, provided for four year commodity programs for wheat, feed grains, and upland cotton. It was extended for one more year through 1970...
(P.L. 89-321). The Conservation Reserve portion of the Soil Bank was a model for the subsequent Conservation Reserve Program
Conservation Reserve Program
The Conservation Reserve Program is a cost-share and rental payment program under the United States Department of Agriculture , and is administered by the USDA Farm Service Agency . Technical assistance for CRP is provided by the USDA Forest Service and the USDA Natural Resources Conservation...
(CRP), enacted in 1985.