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The clipping this text was read from
The clipping this text was read from

The agreement will expire at the end of next July unless the participating countries agree to mew it. There is some opposition in the U.S. because of the subsidy cost, amounting to nearly $580,000,000 during the four year period. But those who favor he agreement point out that it will have permitted the farmers of the United States to export nearly a billion bushels of surplus wheat in an orderly manner while parity prices were being maintained on our home markets.

Wheat is elgible for government loans at 90 percent of parity and the subsidy that may be paid by our government if the international agreement is extended will cost the taxpayers less than the loan value. Wheat growers will, of course, take the loan if they can’t find commercial markets at parity prices.

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