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TeachMeFinance.com - explain Agricultural Trade Development and Assistance Act of 1954 Agricultural Trade Development and Assistance Act of 1954 The term 'Agricultural Trade Development and Assistance Act of 1954 ' as it applies to the area of agriculture can be defined as ' P.L. 83-480 (July 10, 1954) is commonly referred to as 'PL 480' and 'Food for Peace.' The law established what continues to be the primary U.S. overseas food assistance program. The program makes U.S. agricultural commodities available through long-term credit at low interest rates and provides food donations'. Previous 5 Terms: Agricultural pollution Agricultural Quarantine Inspection (AQI) Agricultural Research Service (ARS) Agricultural Research, Extension, and Education Reform Act of 1998 Agricultural Stabilization and Conservation Service (ASCS) Next 5 Terms: Agricultural Trade Office Agricultural zoning Agriculture Agriculture and Consumer Protection Act of 1973 Agriculture and Food Act of 1981 About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.