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1968 Wheat Program
Provisions Announced
Major operating provisions of the 1968 wheat program will be virtually identical to
[those in effect for the 1967 icrop, according to James F. 'Warren, Chairman, Agricultural Stabilization and Coniservation State Committee.
An important 1968-program provision detail different from the 1967 program is that the domestic marketing certifcates--which are an important part of participating farmers’ income—will be issued on an estimated 530 million bushels, reflecting the projected production on 40 per cent of farm allotments based on the national allotment of 59.3 million acres.
For the 1967 crop, domestic certificates are to be issued to participating farmers on 520 million bushels of wheat, 35 per cent of farm allotments based on the 1967 national allotment of 68.2 million acres.
Marketing certificates on the 1968 wheat crop—as for 1967—will be valued at the difference between full wheat parity (as of July 1, 1968) and the national average pricesupport loan level of $1.25 per bushel. For the 1967 wheat crop, domestic certificates are worth $1.36 per bushel, compa red with $1.32 per bushel for the 1966 crop.
90.3%