Consolidated Farm and Rural Development Act of 1961
The Consolidated Farm and Rural Development Act of 1961 (P.L. 87-128) authorized a major expansion of USDA lending activities, which at the time were administered by Farmers Home Administration (FmHA), but now through the Farm Service Agency. The legislation was originally enacted as the Consolidated Farmers Home Administration Act of 1961.
|Other short titles|
|Long title||An Act to improve and protect farm prices and farm income, to increase farmer participation in the development of farm programs, to adjust supplies of agricultural commodities in line with the requirements therefore, to improve distribution and expand exports of agricultural commodities, to liberalize and extend farm credit services, to protect the interest of consumers, and for other purposes.|
|Enacted by||the 87th United States Congress|
|Effective||August 8, 1961|
|Statutes at Large||75 Stat. 294|
|Titles amended||7 U.S.C.: Agriculture|
|U.S.C. sections amended|
In 1972, this title was changed to the Consolidated Farm and Rural Development Act, and is often referred to as the Con Act. The Con Act, as amended, currently serves as the authorizing statute for USDA’s agricultural and rural development lending programs. Titles in the Act include current authority for the following three major FSA farm loan programs: farm ownership, farm operating and emergency disaster loans. Title III of the Con Act is the Rural Development Act of 1972 (P.L.92-419) authorizing rural development loans and grants.
Amendments to 1961 Act
Chronological amendments and revisions to the Consolidated Farm and Rural Development Act of 1961.
|Date of Enactment||Public Law Number||U.S. Statute Citation||U.S. Legislative Bill||U.S. Presidential Administration|
|April 20, 1973||Pub.L. 93–24||87 Stat. 24||H.R. 1975||Richard M. Nixon|
|August 5, 1975||Pub.L. 94–68||89 Stat. 381||S. 555||Gerald R. Ford|
|August 4, 1978||Pub.L. 95–334||92 Stat. 420||H.R. 11504||Jimmy E. Carter|
|September 25, 1980||Pub.L. 96–358||94 Stat. 1184||S. 261||Jimmy E. Carter|
|October 13, 1980||Pub.L. 96–438||94 Stat. 1871||S. 985||Jimmy E. Carter|
|October 28, 1992||Pub.L. 102–554||106 Stat. 4142||H.R. 6129||George H.W. Bush|
|May 11, 1994||Pub.L. 103–248||108 Stat. 619||S. 1930||William J. Clinton|
- "Bill signing, S. 1643 Public Law 87-128, Agricultural Act of 1961, 9:45 AM". John F. Kennedy Presidential Library and Museum.
- "Remarks on signing Agricultural Act of 1961, 8 August 1961". John F. Kennedy Presidential Library and Museum.
- Peters, Gerhard; Woolley, John T. "Dwight D. Eisenhower: "Statement by the President Upon Receiving fifth Annual Report on the Rural Development Program.," October 13, 1960". The American Presidency Project. University of California - Santa Barbara.