Wheat Certificates

Wheat Certificates

Important to Farmer

Wheat farmers with small al i lotments should check the bene fits of the 1967 wheat program if they plan to grow wheat this year, James E. War ren, Chairman of the Virginia Agricultural Stabilization and Conservation (ASC) Commit-! tee, said today. He said the program supports the portion of each participant’s wheat grown for the domestic market at full parity and offers price-support loans for all wheat grown on the farm. The loans help increase farm income by permitting orderly marketing, Warren said. “The marketing certificates which are used to support do mestic production at parity are important for wheat pro ducers, the Chairman said. “As an example, take a farm with a 10-acre allotment and a 30-bushel projected yield. “The farmer can earn certificates on 35 per cent of his projected production, which means in this case certificates on 105 bushels. They are valued at the difference between the national average loan rate of $1.25 per bushel and parity on July 1, 1967. The 1966 certificates were worth $1.32 each; and if the value Is the same this year, It means this farmer would earn $138.60 in certificates alone, or averaging almost $14.00 per acre on all his wheat acreage. “In addition, he earns what his wheat will sell for on the market — or he can take out a price-support loan and hold the wheat if the market is too low at harvesttime," Warren said. The Chairman explained that participation in the 1967 wheat program is not automatic, and that farmers should sign up with the county ASCS office & they want to participate. The sign up for 1967 feed grain Is held In conjunction with the wheat program. In order to qualify for price support aiid diversion if applicable, a sign ed intention must be filed in the ASCS office by the end of