President Herbert Hoover (seated, center) with the

President Herbert Hoover (seated, center) with the Federal Farm Board, July 12, 1929. Created by the Agricultural Marketing Act of 1929, Federal Farm Board would loan money from its $500 million budget, to create and strengthen farm cooperatives to control production and reduce wasteful surpluses. Hoover preferred this voluntary cooperation rather than the government subsidies that many farmers preferred. (BSLOC_2015_16_79)

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Executive Departments Group Portraits Hoover Lcgr1512

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