The Agricultural Marketing Act of 1929, under the administration of Herbert Hoover, established the Federal Farm Board from the Federal Farm Loan Board established by the Federal Farm Loan Act of 1916
President Herbert Hoover signs the Farm Relief Bill (June 15, 1929)
Federal Farm Loan Act
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The Federal Farm Loan Act of 1916 was a United States federal law aimed at increasing credit to rural family farmers. It did so by creating a federal farm loan board, twelve regional farm loan banks a
Agricultural Marketing Act of 1929
…Marketing Act of 1929, under the administration of Herbert Hoover, established the Federal Farm Board from the Federal Farm Loan Board established by the Federal Farm Loan Act of 1916 with a revolving fund of half a billion dollars. The original act was sponsored by Hoover in an attempt to stop the downward spiral of crop…
President Woodrow Wilson Signing Federal Farm Loan Act
1918 advertisement for Federal Farm Loan Bonds