PSCI 3322 Lecture Notes - Lecture 38: National Raisin Reserve, Fresno Tigers, Deflation
25 Jan 2017
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Document Summary
Deals with the agricultural marketing agreement act of 1937, which sets up a raisin administrative committee: to maintain price stability, raisin growers must set aside an amount of raisins determined by the committee. Give the government agency some percentage of the crop depending on the time of year that will give or sell to charity. You might get some money back from that agency, but it will not be the same amount of profit: 2002-03, it was 47% of the crop. In 03-04, it was 30% of the crop. The amount taken the by government might be given to charity or sold abroad. After expenses, there may be some money left which would be distributed to the raisin growers. Horne"s refuse o comply and must pay k for the missing raisins and k civil fine. The raisin law is an agriculture regulation from the new deal, fdr: was not a constitutional problem until 2015.
