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fall an incentive price of 62 cents per pound for shorn wool, grease basis for the 1955 marketing year. Payments will be made to wool growers if the national average market price for wool for the marketing year beginning April 1, ,1955 falls below the incentive, level. i j . : The Department of Agriculture also announced earlier this year a similar program for payments for wool on lambs sold for slaughter which would be a flat rate per hundred weight of live animals. The purpose of this program would be to guard against unusual shearing of animals prior to sale , for slaughter. j jj
The rate of payment to each grower is a uniform percentage needed to bring the average price all growers receive for their wool ^ up to the incentive prices level. This means that the more the individual grower gets for hit wool the greater will be his total, return.
Since the incentive payment determination cannot be made until the 1955 clip has been marketed,, payments to growers cannot be expected before the summer of 1956.
H. B. SMOOT ASSIGNED TO INFANTRY DIVISION
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64.3%