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nuice benefit payments, and payments of a,third type may be counted under certain conditions, according to Robert Parsons, Assistant Manager of the Social Securrity Administration in Alexandria.
Parsons stated that the soil bank payments to be counted as net earnings by self-employed farm operators are those made under the “acreage reserve” program and the annual payments for land placed in the “conservation-reserve.”, These payments replace income vhich the farmer reasonably could have expected if his land had been kept in normal crop uses. A third type of soil bank payment
the
conservation-reserve reimbursement payment. These are payments made by the Federal Government to pay part of the cost of carrying out the conserva-: tion practices and making improve-' ments on the conservation resereve. They »re Included in figuring the farmers net earnings only if the expenditures are deductible as business expenses for income tax purposes. j
Parsons pointed out that a landlord wpo owns a farm and participates materially in the production or management of production of farm commodities gets social security jeredit for his share of the soil bank payments inst as the . .farm operator does. For a farm owner who' receives rental income1, but who takes no part in the actual operation of the farm, neither the soil bank payments nor the • other rental income counts toward
1
55.5%