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About: Brannan Plan     Goto   Sponge   NotDistinct   Permalink

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The Brannan Plan was a failed United States farm bill from 1949. It called for "compensatory payments" to American farmers in response to the major problem of large agricultural surpluses stemming from price supports for farmers. The Brannan Plan was named after Charles Brannan, who served as the fourteenth United States Secretary of Agriculture from 1948 to 1953 as a liberal member of President Harry S. Truman's cabinet. It was blocked by conservatives and never became law. The start of the Korean War in June 1950 made the surpluses a vital weapon and prices soared as surpluses were used up, making the proposal irrelevant.