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 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 and tens of farm loan associations. The ac ...

of 1916, with a revolving fund of half a billion dollarsChapter 4: Crisis and Activism: 1929-1940
United States Government Printing Office 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 the 31st president of the United States, serving from 1929 to 1933. A wealthy mining engineer before his presidency, Hoover led the wartime Commission for Relief in Belgium and ...

's response to the downward spiral of crop prices in the years leading up to the

Great Depression The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty, drastic reductions in industrial production and international trade, and widespread bank and ...

. Executive Order 6084 of the 26th of March, 1933, effective the 27th of May, 1933, changed its name to the Farm Credit Administration, 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 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