What Was The Purpose Of The Federal Farm Board? The board would help farmers stabilize prices by buying and holding surplus grain and cotton in storage. The Farm Board was part of Herbert Hoover’s response to the downward spiral of crop prices in the years leading up to the Great Depression. What was the overall
What Did The Emergency Farm Mortgage Act Do? On May 12, Roosevelt signed the Emergency Farm Mortgage Act, which allowed farmers to take advantage of “lower interest rates and more liberal terms of payment” [5]. What was the purpose of the Farm Credit Act? The Farm Credit Act of 1971, the outcome of recommendations of
What Did The Federal Farm Loan Act Do? 360, enacted July 17, 1916) was a United States federal law aimed at increasing credit to rural family farmers. It did so by creating a federal farm loan board, twelve regional farm loan banks and tens of farm loan associations. The act was signed into law by