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Wheat Program
Clarified
M. C. Gore
This article is written to correct any possible misunderstanding about the wheat supply situation, particularly as it concerns soft red ; winter wheat, and its relation to! the 1962 wheat stabilization pro-, gpm. ‘‘The Wheat Stabilization Pro-| gram was provided by Congress for the 1962 wheat crop in an ef- j fort to forestall, to some degree, a: completely unmanagable situation j regarding wheat supplies. Objec- \ fives of the program are threefold: i (1) To increase farm income;1 (2) To stop the buildup of un-, needed wheat supplies; (3) To re-1 duce program costs.
Unless there is wide participa-; tion in the wheat stabilization pro-; gram by wheat growers, however, j the wheat carryover will likely in- j crease. j
Soft red winter wheat, certainly, is in a better marketing position, for export or domestic consump-' tion, than most other classes. But j its position is largely the result of' heavy subsidization of exports by the Federal Government. In recent years, about one out of every four bushels of soft red winter wheat produced has been exported. And practically all of the wheat exported has beat) subsidized by the government.
During the past year (1960-61) wheat exported received an export payment at an announced average rate of 50.5 cents per bushel. In addition, under the Government’s Foor for Peace Programs (including sales of foreign currency; donations for emergency relief use, barter contracts for strategic materials, donations for the needy in private relief and chairty agencies) Continued on page ten
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