Page:United States Statutes at Large Volume 75.djvu/334

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[75 Stat. 294]
[75 Stat. 294]
PUBLIC LAW 87-000—MMMM. DD, 1961

294

PUBLIC LAW 87- 128-AUG. 8, 1961

[ 75 8 TAT.

foundation herds of cattle (including producing dairy cattle), sheep, and goats, and their offspring, in any area of the United States where, because of flood, drought, fire, hurricane, earthquake, storm, disease, insect infestation, or other catastrophe in such areas, the Secretary determines that an emergency exists which warrants such assistance, such feed to be made available only to persons who do not have, and are unable to obtain through normal channels of trade without undue financial hardship, sufficient feed for such livestock." Approved August 7, 1961. Public Law 87-128 August 8, 1961

'

AN ACT

To improve and protect farm prices and farm income, to increase farmer participation in the development of farm programs, to adjust supplies of agricultural commodities in line with the requirements therefor, to improve distribution and expand exports of agricultural commodities, to liberalize and extend farm credit services, to protect the interest of consumers, and for other purposes.

Be it enacted by the Senate and House of Representatives of the ofVei"^*"'*^ ^*^* United States of America in Congress assembled, That this Act may be cited as the "Agricultural Act of 1961". DECLARATION

68 Stat. 457.

OF POLICY

SEC. 2. I n order more fully and effectively to improve, maintain, and protect the prices and incomes of farmers, to enlarge rural purchasing power^ to achieve a better balance between supplies of agricultural commodities and the requirements of consumers therefor, to preserve and strengthen the structure of agriculture, and to revitalize and stabilize the overall economy at reasonable costs to the Government, it is hereby declared to be the policy of Congress to— (a) afford farmers the opportunity to achieve parity of income with other economic groups by providing them with the means to develop and strengthen their bargaining power in the Nation's economy; (b) encourage a commodity-by-commodity approach in the solution of farm problems and provide the means for meeting varied and changing conditions peculiar to each commodity; (c) expand foreign trade in agricultural commodities with friendly nations, as defined in section 107 of Public Law 480, 83d Cou^ress, as amended (7 U.S.C. 1707), and in no manner either subsidize the export, sell, or make available any subsidized agricultural commodity to any nations other than such friendly nations and thus make full use of our agricultural abundance; (d) utilize more effectively our agricultural productive capacity to improve the diets of the Nation's needy persons; (e) recognize the importance of the family farm as an efficient unit of pr(xiuction and as an economic base for towns and cities in rural areas and encourage, promote, and strengthen this form of farm enterprise; •(f) facilitate and improve credit services to farmers by revising, expanding, and clarifying the laws relating to agricultural credit;