Federal Agricultural Improvements and Reform Act

From Wikipedia, the free encyclopedia

 This article needs additional citations for verification.
Please help improve this article by adding reliable references. Unsourced material may be challenged and removed. (July 2007)

The Federal Agricultural Improvements and Reform Act (or Fair Act) is a United States federal law in which supply restrictions and target prices were eliminated. Under this act, farmers could still receive price supports through nonrecourse commodity loans from the Commodity Credit Corporation. The FAIR Act was intended to provide a transition period for farmers to move from government-subsidized farming to free market farming. It founded the National Sheep Improvement Program in 1986. The act was founded in Virginia and expanded to a nation wide oranization.

This United States federal legislation article is a stub. You can help Wikipedia by expanding it.