Supreme Court overturned the law in 1936, on the grounds that agriculture should be controlled by the states, even if the states had done nothing to try to arrest the thirteen-year free fall. The Roosevelt administration rewrote the bill to account for the high court’s reversal and it passed again. The Agricultural Adjustment Act of 1938 copied all the main provisions of the previous bill and added two new ones. First, it provided for crop insurance. Second, it instituted parity payments, which added a subsidy to the per-pound price of cotton to offset the permanent drop in the crop’s value
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