How did the agricultural marketing act of 1929 farmers?
a) it fixed the prices of farm goods.
b) it taxed the exportation of farm goods.
c) it stabilized the prices of farm goods.
d) it subsidized the importation of farm goods.
e) it subsidized the purchase of farm equipment.

C) It stabilized the prices of farm goods.

Returns from the 1929 Agricultural Marketing Act

The law is intended to subsidize farmers. This program provides better protection for farmers than the previous program to survive from excess supply and falling crop prices. Money is lent to farmers to get seeds and food for livestock.

Contributions to the Agricultural Marketing Act 1929

The most vital contribution of this Act is the formation of a federal agricultural council. The council formed several agricultural cooperatives. Agricultural cooperatives were created to even agricultural prices. To reduce product surpluses, cooperatives must obtain voluntary approval from farmers.

In addition, the federal agriculture council formed a council marketing cooperative. A marketing cooperative is twisted into buying cotton, seeds, and wool. Marketing cooperatives provide arrangements for storing agricultural products.

Effects of the Agricultural Act of 1929

The Federal Agriculture Council pays a surplus and cannot compensate for production because farmers understand that they can only sell to the government of their crops, they implement the use of fertilizers and other techniques to strengthen production.

Overall, deflation could not be overcome because of major mistakes in the bill. The production limit is thumbs up. If there is a production limit, devaluation might be somewhat helped. Funds have taken sooner or later wear out and farmers' losses continue to increase.

To place the agricultural industry with other industries in the same position, the Act encourages the use of agricultural commodity trade in foreign and foreign trade. The law is intended to protect, control and stabilize the flow of trade between countries and foreigners in the marketing of agricultural commodities and agricultural food products.

Agricultural Marketing Act of 1929 help farmers; ,

Class: High School

Subject: History

Keywords: Women, Seneca Falls, History.

Agricultural Marketing Act of 1929 helps farmers as it stabilized the prices of farm goods.

Further Explanations:

The “Agricultural Marketing act” was the first initiative taken by the administration to help field labors and producers. They intended to control the price of agricultural products that deflates due to overproduction of crops. The administration helped them with storage facilities until the price of the product rises again. The act proposed to subsidize farmers’ misery as it provided better protection for farmers against the previous program planned to survive from excess supply and dropping crop prices

The most important impact of the Act was the formation of a “Federal Agricultural Council” and numerous other agricultural cooperatives. Agricultural cooperatives were established to regulate agricultural prices and reduce product surpluses that can only be obtained through voluntary consent of farmers. Federal agriculture council also formed a “Council Marketing Cooperative” that twisted on purchasing cotton, seeds, and wool. It provides arrangements for keeping agricultural products.

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Answer Details :

Grade: High School

Subject: History

Chapter: Agricultural Marketing act

Keywords: Agricultural Marketing act, labors, producers, agricultural products, subsidize, farmers’, Federal Agricultural Council, agricultural cooperatives, cotton, seeds, and wool

answer

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