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Agricultural Adjustment Act of 1933
Pub. L. No. 73-10, 48 Stat. 31
(Originally cited as ch. 25, 48 Stat. 31)
The digitization of this Act was performed by the University of Arkansas
School of Law’s National Agricultural Law Center under Cooperative
Agreement No. 58-8201-4-197 with the United States Department of
Agriculture, National Agricultural Library.
73<1 CONGRESS. SESS. I. ClIS. 24, 2.5. MAY 3.12, 1933.
To relieye the existing national economic emergency by increasing agricultural
purchasing power, to raise revenue for extraordinary expenses incurred by
reason of f:uch emergency. to provide emergency relief with respect to agri-
cultural indebtcdr:ess, to provide for the orderly liquidation of jOillt-Etock
land banks, and for other purposes.
1fay 12, 1~33.
[Public, No. IO.J
Be ·it enacted by the Senate and H o-use of Repn'8()1dativ(',,,
[in/ted States of Am,crica '':'It OOiIg-rCS8 aS8onbled,
TITLE I-AGRICULTURAL AD.JUSTMENT
oft11 (' m~'ciir~~~~ural Adjust-
PQ~I, IlP. 199, 3M.
DECLARATIOX OJ<' E")IERGENCY
That the present acute economic emergency being in part the c(Jn~('
quenec of a severe and inereatiing disparity between the prices of
agricultural and other commodities, ,,,hieh disparity has largely
destroyed the purchasing power of farmers for industrial products,
has broken down the orderly exchange of cOlumodities, and has seri-
ously impaired the agricultural assets supporting the national credit
structure, it is hereby declared that these conditions in the basic
industry of agriculture have affected transactions in agricultural
commodities with a national public interest, have burdened and
obstructed the normal currents of commerce in such commodities,
ane.! render imperative the