Agricultural Adjustment Administration, otherwise known as the AAA, was a new major New Deal program to restore agricultural prosperity by curtailing farm production, reducing export surpluses, and raising prices. The Agricultural Adjustment Act, created in May of 1933, was an omnibus farm-relief bill embodying the schemes of the major national farm organizations. It established the Agricultural Adjustment Administration under Secretary of Agriculture, Henry Wallace, to effect a “domestic allotment” plan that would subsidize producers of basic commodities for cutting their output. Its goal was the restoration of prices paid to farmers for their goods to a level equal in purchasing power to that of 1909–14, which was a period of comparative stability. In addition, the Commodity Credit Corporation, with a crop loan and storage program, was established to make price-supporting loans and purchases of specific commodities.