The Federal Farm Board was established by the Agricultural Marketing Act of 1929 from the Federal Farm Loan Board established by the Federal Farm Loan Act of 1916, with a revolving fund of half a billion dollarsChapter 4: Crisis and Activism: 1929-1940

United States Government Printing Office The United States Government Publishing Office (USGPO or GPO; formerly the United States Government Printing Office) is an agency of the legislative branch of the United States Federal government. The office produces and distributes information ...

to stabilize prices and to promote the sale of agricultural products. The board would help farmers stabilize prices by buying and holding surplus grain and cotton in storage. The Farm Board was part of

Herbert Hoover Herbert Clark Hoover (August 10, 1874 – October 20, 1964) was an American politician who served as the 31st president of the United States from 1929 to 1933 and a member of the Republican Party, holding office during the onset of the Gr ...

's response to the downward spiral of crop prices in the years leading up to the Great Depression. Executive Order 6084 of the 26th of March, 1933, effective the 27th of May, 1933, changed its name to the

Farm Credit Administration The Farm Credit Administration is an independent agency of the federal government of the United States. Its function is to regulate the financial institutions that provide credit to farmers. Authority The Farm Credit Administration is an indep ...

, abolished the functions vested in Federal Farm Board by section 9 of Agricultural Marketing Act, abolished the functions of Secretary of Agriculture and

Secretary of Treasury The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States. The secretary of the treasury serves as the principal a ...

as members of Board, and abolished the offices of appointed members of Federal Farm Board, except that of Chairman, which title was changed to Governor of Farm Credit Administration.

References

Great Depression in the United States Government agencies established in 1929 1933 disestablishments in the United States Defunct independent agencies of the United States government 1929 establishments in the United States Agricultural marketing organizations Agricultural marketing in the United States {{US-gov-stub