The Federal Farm Board

January 24, 1930

Report Outline
Organization of the Federal Farm Board
The Agricultural Marketing Act of 1929
Structure for Cooperative Marketing
Problems of the Federal Farm Board

Organization of the Federal Farm Board

Accomplishments During its First Six Months

Six months have elapsed since the formal organization of the Federal Farm Board on July 15, 1929, During these six months the Farm Board has brought about the creation of three nation-wide coo´perative marketing corporations—the Farmers' National Grain Corporation, the National Wool Marketing Corporation, and the American Cotton Coo´perative Association; it has held many meetings looking to the formation of similar corporations for other commodities, some of which are now on the road toward organization; and it has authorized loans to coo´perative associations totalling approximately $60,000,000.

In addition to these outward accomplishments, the Board—as its members have pointed out—has had to spend much time in the interpretation of provisions of its organic act, in the development of policies, the creation of machinery, the employment of personnel to carry out its legal, banking, economic, and organizing functions, and in hearing the representations of coo´perative associations wishing to obtain loans from the Board. The unlikelihood that rapid action would be possible at the outset was pointed out by President Hoover when, he said, in a brief address at the Board's initial meeting:

I know there is not a thinking farmer who does not realize that all this cannot be accomplished by a magic wand or an overnight action. Real institutions are not built that way.

ISSUE TRACKER for Related Reports
Farm Policy
May 01, 2012  Farm Subsidies
Dec. 02, 1994  Farm Policy
Aug. 05, 1994  Genetically Engineered Foods
Mar. 25, 1983  Farm Policy's New Course
Oct. 28, 1977  Farm Policy and Food Needs
Apr. 06, 1966  Reversal of Farm Policy
May 02, 1962  Milk Surpluses
Dec. 07, 1949  Brannan Plan
May 01, 1939  Agriculture Under the Trade Agreements
Sep. 20, 1937  Farm Legislation and the Ever-Normal Granary
Nov. 05, 1935  Potato Control Under the A.A.A.
Apr. 25, 1934  Stabilization of the Dairy Industry
Jan. 24, 1930  The Federal Farm Board
Sep. 24, 1928  Wheat Pools in Canada and the United States
Feb. 10, 1927  The McNary-Haugen Bill
Dec. 10, 1924  The President's Agricultural Conference
BROWSE RELATED TOPICS:
Economic Crises
Farm Loans, Insurance, and Subsidies