Appraising the Effects of the Agricultural Act of 1970 Upon Oklahoma's Economy

R. Lynn Harwell, Gerald A. Doeksen and P. Leo Strickland

Journal of Agricultural and Applied Economics, 1972, vol. 4, issue 1, 191-196

Abstract: The Agricultural Act of 1970 embodies a new approach to supply adjustment policy, swinging away from acreage allotment and diversion provisions of the previous Act. Employing a “set-aside” provision, cotton, feed grains or wheat land is diverted, or set aside, in order that producers may become eligible for support payments. The allotment no longer serves as an upper limit on the permitted acreage of these crops nor, cotton excepted, is planting of a specific crop necessary for a producer to become eligible for price support benefits. Flexibilities have been written into the program whereby the Secretary may make participation more or less attractive to the producer in accordance with needs.

Date: 1972
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