Agricultural Act of 1970
In United States federal agriculture legislation, the Agricultural Act of 1970 initiated a significant change in commodity support policy.
This 3-year farm bill replaced some of the more restrictive and mandatory features of previous law with voluntary annual cropland set-asides and marketing certificate payments to achieve parity prices. For the first time, the law adopted an annual payment limitation per producer. Among other things, the Act also amended and extended the authority of the Class I differential in federal milk marketing order areas.
