Family Farm Antitrust Act

Summary

Family Farm Antitrust Act - Amends the Clayton Act to provide that no person engaged in commerce in a business other that farming, whose nonfarming business assets exceed $3,000,000, shall engage in farming or the production of agricultural products, or participate in farming by any means of acquisition or control of another person who is engaged in farming. Specifies exceptions including charitable, educational, or nonprofit institutions, and farmer-owned and controlled cooperatives. Directs the Secretary of Agriculture to acquire at fair market value any property or interest of which a person is required to divest himself under the provisions of this Act, if the person is otherwise unable to divest himself of such property.

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1 official file

• Introduced in House

  summary · EN · 30 March 1977

  Open at official source

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