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year’s emergency program.
“However, it may still be possible for the Congress to enact legislation to be effective for the 1963 crop which would improve farm returns, avoid accumulation of stocks, and reduce government cost by continuing some of the features of the 1962 emergency wheat program. Holding the referendum on August 30 will not preclude this possibility.”
In general, the 1963 wheat program under existing legislation provides for farm acreage allotments set on the basis of a minimum 55-millionacre national wheat allotment. Minimum price support would be at a national average of $1.82 per bushel (75 percent of parity) if farmers approve marketing quotas by a two-thirds vote in the August 30 referendum. If farmers disapprove marketing quotas, support would be at a national average of $1.21 per bushel for cooperators (those who stay within their acreage allotments) , with no support for noncooperators. These and other program details were announced on a stand-by basis June 26.
81.6%