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pends on level oi participation sufficiently high to offset pro gram costs by reduction in public investment in government feed grain Inventories.
For 1965 program, a larger proportion of price support will be in payment form with some reduction in average loan rate for all three feed grains. Acreage substitution feature for wheat and feed grain acre age which is new to program for 1965 gives producers more flexible range of cropping opportunities and income possibilities.
Participation in both wheat and feed grain programs will bring more returns than nonparticipation, USDA officials said. Total national average price support for cooperators for 1965 crop corn will be $1.25 per bushel—composed of loan and purchase value of $1.05 per bushel and 20 cents per bushel support payment based on normal (1959-63) production of acreage planted for harvest. Other feed grain price supports are adjusted to their relationship to corn. Release
86.7%