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ASC NEWS . . .
In response to questions raised since the wheat quota referendum on May 21, H.S. Barksdale, Chairman,Agricultural Stabilization and Conservation, Rappahannock County Committee, today reviewed certain wheat program provisions still in effect under existing law. For 1964, the Chairman, explained the legislation provides that price-support at 50 percent of parity - - about $1.25 per bushel, on the average -- will be available to producers who plant within the acreage allotments which were established before the referenda There will be no quota penalties for planting in excess of 1964 acreage allotments. However, overplanting the 1964 allotments would reduce the acreage history credit for future allotments. Farmers who have Conservation Reserve contracts agreed to plant Within the larger of the farm acreage allotment or 15 acres, and this means that the 1964 Conservation Reserve payment for the farm is dependent on planting within this acreage. Excess wheat for the 1963 crop -- since it is still subject to marketing quotas -- may be stored by the producer in order to avoid payment of the penalty and loss of history in the establishment of future allotments. After July 1, 1964 this stored excess wheat may be released without payment of penalty.
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