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TeachMeFinance.com - explain National Wool Act of 1954 National Wool Act of 1954 The term 'National Wool Act of 1954 ' as it applies to the area of agriculture can be defined as ' Title VII of Agricultural Act of 1954 was designated the National Wool Act and provided for a new and permanent price support program for wool and mohair to encourage increased domestic production through incentive payments. Wool and mohair commodity programs were in effect through marketing year 1995, at which time it was terminated under the explicit mandate of P.L. 103-130 (November 1, 1993)'. Previous 5 Terms: National Water Quality Assessment Program National Weather and Crop Summary National Weather Service (NWS) National Wetland Inventory National Wildlife Refuge System (NWRS) Next 5 Terms: Nationwide Rivers Inventory (NRI) Native gas Native load (electric) Native Resolution natricine 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.