The Agricultural Marketing Act of 1929 was actually a long-proposed law that would have totally altered the way that farmers were paid for their products. The reason it wasn’t passed was due to the strong resistance from big business and the wealthy. The main lobby against the act was the beef industry, which had been extremely powerful in influencing both houses of Congress. They were particularly worried about how the new law would affect the high price that they paid for beef.
It was reported that representatives of big businesses and the wealthy were instrumental in sinking the bill. They saw it as an opportunity to increase the power of the dairy and beef companies. If the farmers did not get their fair market prices, then there would be less money for them to be able to purchase things like corn, which was the staple of their diets. The farmers were also worried that if the prices on the market were reduced, then they wouldn’t be able to make as much money, especially since they were no longer receiving as high prices as they used to.
What can we learn from this story? First of all, farmers need access to a free market when they are trying to sell their goods and services. Without the ability to effectively negotiate with the grocery and retail companies, they may never receive the market prices that they deserve. There are many ways that farmers can get products at just the right price, but often they are prevented from doing so due to the power of the lobbies. By changing this law, the ability to negotiate freely will help farmers get what they deserve.
Why was the agricultural marketing act of 1929 needed in the first place? During the Great Depression, there was a serious lack of food and products available to consumers. It was difficult for people to find any kind of basic survival. People were becoming sick and dying of exposure to bad weather and unsafe living conditions. In order to avoid such an issue in the future, Congress decided to fix the problem by helping farmers out.
The problem faced by many farmers was that they were not allowed to sell their goods in interstate commerce. Farmers were selling directly to wholesalers and retailers, which were against the law. Since this was not allowed, no one was buying their goods and therefore no one was buying their produce. Laws were passed to help farmers get products to consumers so that they would have a chance to make money and to buy their own supplies. These laws are still in effect today, even though most of them have been enforced by state and local governments.
So, how did the agricultural marketing act of 1929 help farmers? By setting up a market in which farmers could sell directly to retailers without going through wholesalers. This direct sales system made it possible for farmers to have access to buyers and thus to increase their income. It also provided incentives for farmers to expand and to develop their land. The act also established the National Agriculture Research Center (NARC) to help farmers with market research and education.
How was the agricultural marketing act of 1929 different from other pieces of legislation aimed at promoting agricultural productivity? The other pieces of legislation all tried to regulate the process involved in agricultural production. The Agricultural Marketing Act was different in that it tried to regulate the manner in which the products of farmers were marketed to consumers. The other acts tried to fix the price that crops should be sold for so that farmers can make a profit off of them. However, the acts meant that the crops would be sold through retailers at market prices and not directly to consumers.
How was the act of 1930 different from the previous acts? The previous farm bills tried to fix the prices that farmers should sell their produce at. They also tried to fix the amount that should be paid as taxes by producers. However, the 1930 act made these things irrelevant and helped farmers get their incomes from other sources.