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The Agricultural Marketing Act is the law that Hoover's administration help pass to limit the quantity of goods that American farmers could sell to other countries in an attempt to decrease surplus and stabilize the economy. This law helped make the farmers self sufficient.
Agricultural Marketing Act, 1929 This was an early attempt (prior to the October 1929 stock market crash) by Hoover to help the struggling agricultural segment of the economy. This was the first time a government agency helped maintain farm prices because it allotted money to buy agricultural surpluses and consequently raise prices. â¢ The act was ineffective because it relied on voluntary action by farmers to limit production rather than using government authority to limit production.