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The Chairman explained that the program for the three grains will be similar to the 1963 program except for these slight modifications: (1) The top limit on diversion is increased from -40 to 50 percent or 25 acres, whichever is greater; (2) In computing diversion and price-support payments, the average yield figures will be based on the 4-year (195962) average instead of the 2year (1959-60) average; (3) The feed grain base of any producer who planted up to 30 acres of wheat for home use under the feed grain exemption during any one of the years 1959, 1960, and 1961 will be increased to the extent •the 3-year average of such wheat acreage exceeded 15 acres; (4) While the total price supports for the three grains in 1964 are unchanged from 1963 levels, a slightly larger proportion of the supports will be available as loans or purchases, with corresponding decreases in price-support payments; (5) Payments to any producer are limited to not more than 20 percent of the fair market value of any acreage involved; and (6) The maximum payment rate will apply to all the acreage diverted where the total diversion on the farm is 40 percent or more of the base. Support prices for grains Included in the 1964 feed grain
89.6%