National Wool Act of 1954
The National Wool Act of 1954 (Title VII of Agricultural Act of 1954 (P.L. 83-690)) provided for a new and permanent price support program for wool and mohair to encourage increased domestic production through incentive payments.
|Long title||An Act to provide for greater stability in agriculture; to augment the marketing and disposal of agricultural products; and for other purposes.|
|Nicknames||Agricultural Act of 1954|
|Enacted by||the 83rd United States Congress|
|Effective||August 28, 1954|
|Statutes at Large||68 Stat. 897 aka 68 Stat. 910|
|Titles amended||7 U.S.C.: Agriculture|
|U.S.C. sections created||7 U.S.C. ch. 44 § 1781 et seq.|
Wool and mohair commodity programs were in effect through marketing year 1995, at which time it was terminated under the explicit mandate of P.L. 103-130, Sec. 1.
- Peters,Gerhard; Woolley, John T. "Dwight D. Eisenhower: "Statement by the President Upon Signing the Agricultural Act of 1954" August 28, 1954". The American Presidency Project. University of California - Santa Barbara. Retrieved June 25, 2013.
This article incorporates public domain material from the Congressional Research Service document "Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition" by Jasper Womach.