Provisions Given of

Provisions Given of

1964 Wheat Program

1. No 1964 Marketing Quotas, [•here will be no marketing piota penalties for planting in :xcess of acreage allotments 'or the 1964 wheat crop. How;ver, producers who overilant their 1964 allotments will receive history credit for establishing future allotments inly in the amount of their allotments. Producers who comply with their allotment will receive 1964 acreage history credit equal to the farm wheat base from which the allotment was determined. The base acreage is about 1 1/2 times the farm allotment.

2. Over planting Cuts Off Soil Bank Payments. Wheat farmers with conservation reserve contracts agreed to plant within their farm wheat acreage allotment or 15 acres, whichever is larger. This means chat the 1964 conservation reserve payments for the farm is dependent on keeping within the 1964 wheat acreage allotment or 15 acres,-whichever is larger. 3. Compliance with the Farm Allotment. Producers who overplant their 1964 wheat allotment may dispose of such excess acreage 30 days before harvest. They will then benefit by being eligible for price support and receiving the base acreage as 1964 history credit in the determination of future allotments. The disposal date for 1964 crop will be June 15, 1964. 4. Compliance With Wheat Allotments on Other Farms. A producer complying with the wheat allotment on one farm will not have to be in compliance with the wheat allotments on other farms in which he has an interest in order to be eligible for price support on the farm that is within its allotment. In addition to the above provisions, price support averaging 50 per cent of parity nationally with be available only to producers who stay within the farm wheat acreage allotments established for the 1964 wheat crop. (The parity price for July 1963 was $2.51 a bushel). If you have questions about how these provisions would affect your operations, feel free to come to the office and we will make every effott to answer them.