Agricultural Adjustment Act (AAA)
Raise crop prices by lowering production!
The government payed farmers to leave a certain amount of every acre of land unused/unseeded. The over all goal was to reduce the supply of crops in order to boost prices.
The government paid cotton growers $200 million to plow under 10 million acres of cotton and also paid hog farmers to slaughter 6 million pigs.
- Intentional surplus
- Government encouraging low prices
- Sales on crops
- Plow 10 million acres of cotton
- Slaughter 6 million pigs
- Leave acreage unseeded