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Wool Payments
Show Increase
t i ; Wool producers will receive “ a one-cent per pound increase for 1968 marketings of shorr; '[wool, it was announced by j Chairman H. S. Barksdale of '! the Agricultural Stabilization ' and Conservation county com'
j mittee. j The U. S. Department of [Agriculture has annpunced a [shorn wool incentive price of [67 cents a pound for 1968. iThe support price for mohair
[will be 77.4 cents a pound. [This also represents a onejcent increase over the previous year.
The price of pulled wool will ibe supported at a level comparable to the incentive price [of shorn wool.
Chairman B a r k s d a 1 e said [shorn wool payments will be lequal to a percentage of each [producer’s returns from [sales. The percentage will be that required to raise the national average price received [by all producers from shorn wool up to the announced 67 cents a pound. i Mohair payments will be determined in a similar manner, i Chairman Barksdale po’inted out that the 1968 support program will be carried out under the National Act of 1954, as amended by the Food andAgri culture Act of 1965, which extends the wool and mohair payment program through 1969 and prescribes the formula which sets the support 'price for wool. Payments to producers in Rappahannock County on 1968 calendar year marketings will be made beginning in April of 1969. Applications for such payments must be filed not later than January 31, 1969.
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