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Feed Grain
Program Modified
Farmers taking part in the 1966 feed grain program now will- be able to plant soybeans on acreage intended for production of feed grains under the program and still receive the price-support payments they would have earned if feed grains had been planted. H. S. Barksdale, Chairman, Agricultural Stabilization and Conservation County Committee, said today that the program modification carries out President Johnson's directive announced in his recent Food for Freedom message to the Congress pointing to the desirability of increased production of soybeans. The action highlights the flexibility of the Food and Agriculture Act of 1965, which authorizes the Secretary of Agriculture to take such action. While supplies of feed grains are more than adequate to meet foreseeable needs, domestic and export demand for soybeans has been increasing sub stantially each year since 1960. Under the feed grain program, participants who divert at least 20 percent of their feed grain base acreage tc conserving uses may earn price-support payments. These payments are based on the projected yield on up to 50 percent of their base acreage times the rate applicable to the crop diverted. The rates are 30 cents per bushel for corn, 20 cents per bushel for barley, and 53
90.7%