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gives loan rates support payments by individual grains. Program participants, since they help cut government costs by diverting acreage to conserving use and thus reducing production, not only can get price support loan and purchases, but also price support payments, and acreage diversion payments.
Since yields have trended upward in recent years, moving five-year average (1959-63) being used for first time in
1965 generally will mean higher price support payments for normal production in major producing areas. This payment of 20 cents per bushel in case of corn and related payments for other feed crops will be paid on acreage seed*; ed for harvest within permitted acreage, even though drought, or other adverse crop conditions seriously reduce production on any farm. To participate in program, producers need to reduce their total acreage of corn, grain sorghum and barley in 1965 by at least 20 percent. Diversion payments, if less than 40 percent of base is diverted, will be county support rate on one-fifth of normal production for first 20 percent diversion, and on onehalf of normal for remaining percentage. Payments in kind for both diversion and price support payments again will be made in form of negotiable certificates with which producer may receive grain from C C C stocks or cash at county ASCS office if he wishes assistance of Commodity Credit Corporation in marketing certificates. As previously, major part of price support will be provided through loans. Signup for feed grains and for spring wheat will be from Feb. 8, through March 26. During the signing period, winter wheat producers who signed up in wheat program last fall may change their intentions.
86.3%