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Mr. barksaaie pointed out that the success of the pro- i gram depends on participation sufficiently high to offset program costs by a reduction in the public investment in Government feed grain inventories. Program objectives continue to include strengthening farm income and bringing feed grain supplies down to reasonable levels. The higher price-support payment and lower loan rate are intended to encourage participation by widening the margin between returns for participation and non-participation. This larger payment portion, based on average yields, increases the advantage to farmers participating in the program this year. By individual grains, the Virginia 1965 total price support and the division by loan and payment are as follows: corn, $1.41 per bushel ($1.21 loan, 20-cent payment); barley $1.06 per bushel (90-cent loarj 16-cent payment); grain sorghum, $1.16 per bushel (96cent loan, 20-cent payment). These Virginia rates for corn and barley are substantially higher than the national rates. With the acreage substitution feature for farms having both wheat and feed grain bases, a feature of the 1965 #•*» * . V . ■
87.2%