Soil Bank Program
The Soil Bank Program is a federal program (authorized by the Soil Bank Act, P.L. 84-540, Title I) of the late 1950s and early 1960s that paid farmers to retire land from production for 10 years. It was the predecessor to today’s Conservation Reserve Program (CRP). Proposed by President Eisenhower as part of the 1956 Agriculture Act, the original idea was for the government to buy back sub-marginal land that was homesteaded in the late 1800s. This would both extend pastures, forests and watersheds and also reduce the need for the government to support overproduction.[1]
The maximum enrollment was 28,700,000 acres (116,000 km2) in 1960. Some elements in the CRP, such as a limit on CRP acres per county, were a response to the Soil Bank experience.
References
- Ambrose, Stephen (September 28, 1984). Eisenhower the President. 5802: Simon & Schuster. ISBN 978-0671499013.CS1 maint: location (link)
This article incorporates public domain material from the Congressional Research Service document: Jasper Womach. "Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition" (PDF).