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Price Support Rates
for ’65 Wheat Crop
The price-support loan and purchase rate for 1965-crop *heat in Rappahannock County will be $1.40 per bushel, H. S. Barksdale, Chairman, Agricultural Stabilization and Conservation County Commit-, tee, has announced. Price - support rate for wheat stored in Baltimore and Philadelphia terminal markets is $1.64per bushel. As in the past, terminal price support rates are derived by adding rail freight and handling charges necessary to get the wheat from the producing area to the terminal markets. The county loan rates are then computed on the basis of the tributary terminal market loan rate, minus rail freight rates. County and terminal loan rates are subject to further adjustment for premium and discounts in determining individual producer loans, depending on the grade and quality of the producer’s wheat collateral.
The Chairman explained that this support will be available to all growers who stay within their farm’s 1965 wheat allotments and carry out other provisions of the 1965 wheat program. By signing up and participating in the program, they qualify for price-support loans and purchases and for marketing certificates; diversion payments will also be available to such participants if they reduce their wheat acreage at least 10 percent below the farm allotment and devote the acreage to conserving uses. The marketing certificates are worth 75 cents a bushel for th^ domestic portion of the fatm’s wheat crop --basedon 45 percent of the normal pro
90.6%