Consolidated Farm and Rural Development Act of 1961

Consolidated Farm and Rural Development Act of 1961
Other short titles	Agricultural Act of 1961; Agricultural Enabling Amendments Act of 1961; Consolidated Farmers Home Administration Act of 1961; Omnibus Agricultural Bill;
Long title	An Act to improve and protect farm prices and farm income, to increase farmer participation in the development of farm programs, to adjust supplies of agricultural commodities in line with the requirements therefore, to improve distribution and expand exports of agricultural commodities, to liberalize and extend farm credit services, to protect the interest of consumers, and for other purposes.
Enacted by	the 87th United States Congress
Effective	August 8, 1961
Citations
Public law	87-128
Statutes at Large	75 Stat. 294
Codification
Titles amended	7 U.S.C.: Agriculture
U.S.C. sections amended	7 U.S.C. ch. 41 § 1707; 7 U.S.C. ch. 35 §§ 1334 & 1340;
Legislative history
	Introduced in the Senate as S. 1643 by Orville Freeman (D–MN) on April 10, 1961; Passed the Senate on July 26, 1961 (41-37); Reported by the joint conference committee on August 3, 1961; agreed to by the House on August 3, 1961 (224-170) and by the Senate on August 3, 1961 (agreed to); Signed into law by President John F. Kennedy on August 8, 1961;

The Consolidated Farm and Rural Development Act of 1961 (P.L. 87-128) authorized a major expansion of USDA lending activities, which at the time were administered by Farmers Home Administration (FmHA), but now through the Farm Service Agency. The legislation was originally enacted as the Consolidated Farmers Home Administration Act of 1961.

The S. 1643 legislation was signed into law by the thirty-fifth President of the United States John F. Kennedy on August 8, 1961.

In 1972, this title was changed to the Consolidated Farm and Rural Development Act, and is often referred to as the Con Act. The Con Act, as amended, currently serves as the authorizing statute for USDA’s agricultural and rural development lending programs. Titles in the Act include current authority for the following three major FSA farm loan programs: farm ownership, farm operating and emergency disaster loans. Title III of the Con Act is the Rural Development Act of 1972 (P.L.92-419) authorizing rural development loans and grants.

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