Agriculture Marketing Act Law and Legal Definition

The Agriculture Marketing Act of 1929 is a U.S federal statute. The Act established the Federal Farm Board. This Act aims to promote agricultural cooperatives that could stabilize farm prices, there by ensuring a social control of agricultural marketing.

Around half a billion dollar is set apart by the Board as revolving fund. In order to carry on the activities, the board in 1930 set its own marketing cooperatives to buy and hold cotton, grain, and wool.

The Act was the later amended by the Agricultural Adjustment Act.