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.58 per bushel for 1955-crop born announced today will not be reduced but may be increased if ia combintion of the corn parity price as of October 1, 1955, (the beginning of , the marketing year)
fid the supply percentage as of at date indicates a higher, mini-' um level of support. i The price support program for jthe 1955 crop will be carried out through Commodity Credit Corporation loans and purchase agreelents. These will be | available rom harvest time through May 1, 1956 in most areas and will lature on July 31, 19564 ifcates by rounties for price support loan* ind purchase agreements will be
Announced at a later date. .
To be eligible for corn price in the commercial producing area, producers must be in compliance jwith corn acreage allotments. Ear or shelled corn to be eligible for Support must grade No. 3 or better except that corn grading No. 4 only because of test weight will al- ■. > be eligible for support. The com mst be in adequate storage. Also, irn to be eligible must meet certain moisture requirements.
Allotments for the 1955 corn crop in the commercial area announced on January 31 were based pn corn supply and consumption estimates. The allotment of 49,(142,697 acres calls for increase of kbout 8 per cent in the 1955 comEiercial
area as compared with the llotment for the identical area in
66.2%