The Organic Act of 1929 changed the way the entire agricultural marketing industry operated. The new law established the CSA as a national market and the SEED as a nationwide market. Nationality was no longer an issue when it came to the selling of agricultural products. No longer could a farmer only sell what he has grown on his land. The Act of 1929 empowered him to not only grow what he wanted to, but also sell what he wanted to sell. The newly minted SEED or Special Extension of Regulation System helped farmers understand just how the market had become and what they could do if they wanted to succeed.
The main thing that the Act of 1929 did was set a limit to the amount of surplus money that a farmer could collect from the sale of his product. This was meant to keep the prices of agricultural products down so that the profits made by the small farmers couldn’t be abused. In other words, this was to protect the consumer from paying too much for whatever it was they were buying. This was an important step forward toward establishing a level of agricultural pricing that would remain consistent no matter what the local market dictated.
The SEED required all agricultural transactions to go through the Board of Governors. This board approved all bills that made it to the market and enforced its decisions. It was created specifically to level the playing field between farmers and retailers and ensure that consumers got the best deal possible. The act ensured that the prices charged by manufacturers were fair, giving everyone an equal chance to get the goods they needed at the best prices available.
The SEED and all laws that followed allowed farmers the opportunity to set their own prices. They were able to set their own markups which helped to keep the costs of agricultural products down. This, in turn, encouraged more farmers to grow their crops. This, in turn, helped to stabilize the market and keep it open. This stabilized prices and allowed the markets to continue to operate normally. As a result, the farmer could buy products when they needed them at the right price.
The Act also set a limit on how high a farmer could set his markup. The higher the markup, the less money he would receive from the buyer of his product. This was to make sure that the farmer received something from the transaction, rather than having all of his gains eaten up by the markups of other retailers. Even if he sold the same quantity of crop at home and abroad, he still would have been able to keep his prices fairly low so that the people who bought his products could afford to pay him as well.
Of course, the marketplaces never really went back to the kind of stability that the SEED and other acts had created. However, it is important to remember that even during these tough times for farmers, the SEED was an example of how the marketplace could work when the interests of all parties were protected. By working together in a common cause, the marketplaces created by the SEED and other acts worked to keep America’s food supply secure for generations to come.