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Agricultural Act of 1956
This Act is P.L. 84-540 (May 28, 1956) which created the Soil Bank programme (Title I of was called the Soil Bank Act), addressed the disposal of CCC inventories of surplus stocks, contained commodity support programme provisions, and forestry provisions. The Soil Bank Act authorised short- and long-term removal of land from production with annual rental payments to participants (Acreage Reserve programme 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 programme 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 The Soil Bank Act was repealed by Section 601 of the Food and Agriculture Act of 1965. The Conservation Reserve portion of the Soil Bank was a model for the subsequent Conservation Reserve programme (CRP), enacted in 1985.
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Agriculture
- Category: Agricultural programs & laws
- Company: USDA
- Product:
- Acronym-Abbreviation:
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