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Farmers Get Advance
Feed Grain Payments
Advance payments to farmers participating in feed grain program will be continued in 1967. In the past, advances were made only from diversion pay ments. Since diversion payments are being authorized only on small farms in 1967, 50 percent of price-support payment may be advanced to other farms. On small farms, 50 percent of both diversion and price support payments may be advanced. To obtain advance payment, the farmer applies for it at the time he signs up to participate in the program. Dates for signup in 1967 have not been set but will be announced lyell before planting time. Advance payments are an important source of capital for farming operations. Price-support payments for corn computed at the rate of 30 cents a bushel times farm's projected yield on 50 percent of farm's base acreage for corn. For grain sorghum, calculation is same except rate is 53 cents per hundredweight. Projected yields will average a little higher nationally in 1967 than in 1966. Diversion payment for small farms — farms with feed grain bases of 25 acres or less — will be equal to 20 percent of total support for first 20 percent of base acreage diverted and 50 percent of support on any additional acres diverted, up to the total base. Farmers are also reminded to turn in their sales slips on wool and unshorn lambs sold before December 51,1966
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