Question

The Agricultural Workforce Housing Credit is 50% of the cost paid to restore agricultural housing for seasonal or year around workers. The housing must be occupied at some time during the year. You can spread this credit over 5 to 10 years. True or False?

Answer 1

The description of the Agricultural Workforce Housing Credit does not align with historical agricultural policies from the 1930s; however, sharecroppers indeed paid their rent with shares of their crops, which is true.

Step-by-step explanation:

The statement presented in the question is not accurate, as there is no direct connection between the description of the Agricultural Workforce Housing Credit and the historical events of the 1930s related to the Agricultural Adjustment Act (AAA) and subsequent agricultural policies in the United States. Instead, these events revolved around federal programs designed to stabilize agricultural prices and assist farmers, including sharecroppers and tenant farmers. The AAA, for example, sought to raise farm income through a reduction in production and a tax on processors, while later policies and acts aimed to provide refinancing options and promote soil conservation.

Answer to the multiple-choice question: Sharecroppers were tenant farmers who paid their rent with shares of their crops. This is True.