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Complete *63 Wool Sales By December 31st
All details of marketing either wool or lambs will have to be completed not later than December 31 in order to receive payments for the 1963 marketing year, H. S. Barksdale, Chairman, Agricultural Stabilization and Conservation Committee, pointed out today. Marketings completed after December 31, 1963, will be eligible for payments for the 1964 marketing year. As announced by the U. S. Department of Agriculture in October 1962, the 1963 marketing year under the wool payment program has been shortened to the 9-month period from April 1 through December 31, 1963, in order to shift the wool marketing year to a calendar-year basis. Therefore, if any part of a sale of lambs or wool is not settled by December 31r the sale will not be considered as one taking place in the 1963 marketing year. This means that all the Information needed to complete the sales documents and show the net sales proceeds for wool has to be determined and available by December 31 in order to be eligible for wool program payments for the current (1963) marketing year. Under program regulations, wool is not marketed until title has passed to the buyer, the wool has been delivered to the buyer either physically or through documents which transfer control ' to the buyer, and all the information (price per pound, weight, yield, etc.) needed to determine the buyer's total purchase price is available. Payments for the 1963 marketing year will likely begin in April of next year, after the program payment rates are determined, based on the average prices received by proy rfducfjps for shqgn wool sold in ,#the 9~-month pefclfcl ffoefeAprfl; through December of 1963. Payments for the 1964 mar
86.5%