The Agricultural Act of 1956, which contains the Soil Bank Act, was enacted in the spring of 1956. The soil bank program is divided into two phases, the acreage reserve and the conservation reserve. The acreage reserve is available to farmers with acreage allotments for the basic commodities, which are wheat and corn in South Dakota. The farmer takes part in the acreage reserve program by signing a one-year agreement with his Agricultural Stabilization and Conservation Committee (hereafter referred to as the ASC Committee) and reducing his acreage below the assigned allotment on his farm. In return for taking the land out of production, the farmer will receive a payment for each acre below his allotment. The conservation reserve is a long-term program to adjust production and increase the conservation of soil, water and forest resources in the nation. The length of the contracts varies from a minimum of three years to a maximum of 15 years depending on the type of operation and practice adopted. Through this program the farmer has an opportunity to receive government assistance in carrying out conservation practices on his farm.
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South Dakota State College
Severson, Allan M., "Acreage Reserve Participation in South Dakota Wheat Areas" (1958). Agricultural Experiment Station Agricultural Economics Pamphlets. 205.