Chapter

The Growth of U.S. Farm Programs

Randal R. Rucker and E. C. Pasour

in Government & The American Economy

Published by University of Chicago Press

Published in print May 2007 | ISBN: 9780226251271
Published online February 2013 | e-ISBN: 9780226251295 | DOI: http://dx.doi.org/10.7208/chicago/9780226251295.003.0015
The Growth of U.S. Farm Programs

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The development of federal farm programs in the twentieth century coincides with the overall expansion of the role of the federal government in the United States. Three main types of government policy tools have been used to support (raise) agricultural product prices since the New Deal action programs were instituted in the 1930s: price supports, restrictions on output or input (typically land) use, and compensatory payments. This chapter lays out the development of the leading farm programs in the United States and examines their impact on the farm sector and the rest of the economy. It first discusses U.S. agricultural policy prior to 1933 and then looks at the Agricultural Adjustment Act of 1933 and the Great Depression. It also considers the New Deal measures in agriculture during the Great Depression, the growth of government in U.S. agriculture, the history and operation of production control programs, the 1996 and 2002 farm bills, demand-enhancing programs, subsidized food programs, domestic and foreign credit programs that affect U.S. agriculture, the ethanol program, water subsidies in the West, and political economy issues.

Keywords: farm programs; agricultural policy; United States; New Deal; subsidies; credit programs; ethanol program; political economy; Great Depression; agriculture

Chapter.  13048 words.  Illustrated.

Subjects: Economic History

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