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Crop Wheat Allot.
Reduced Nationally
i
Secretary of Agriculture, Orville L. Freeman, has announced the 1969-crop wheat program. It features a smaller national allotment of 51.6million acres. "The reduced 1969allotment." Freeman said, "will make it possible to strengthen farm prices and to reduce our carryover by around 100 million bushels."
Freeman also said he is | establishing an export target of 750 million bushels for the | 1968-69 marketing year, and predicted that 1967’s export i goal of 750 million bushels I will be exceeded. Final official J figures will be available early | in July indicating shipments during the 12 months ending June 30, 1968.
The 1969 wheat allotment is the same as for 1966 - down 13 percent from the 59.3 million acres in effect for the 1968 crop year. Diversion payments at the maximum rate authorized by law will be offered to farmers for planting less than their acreage allotment and diverting this land to conserving uses.
Price support loans on 1969 crop wheat will continue to be available at a national average of $1.25 per bushel. Total price support equal to 100 percent of parity (as of July 1, 1969) will be available on 43 percent of the cooperating farm’s projected production on its allotted acreage. This compares to 40 percent in 1968. Domestic marketing certificates will make up the difference between parity and the loan rate. “Wheat growers," Secretary Freeman said, “can help achieve the 1969 goal by signing up in the voluntary program and by diverting to conserving use, for payment, an additional acreage below their allotment. The Secretary emphasized that program participation plus voluntary acreage diversion below allotments are key factors. “It will be up to the wheat growers, themselves, to take these actions if they want the program to be fully successful in reducing stocks and strengthening market prices for the 1969 crop of wheat." For 1969, a farmer may divert up to one-half his acreage allotment and will receive 50 percent of the county loan rate times the allotment acres diverted times the projected yield. Farms with 1969 allotments 21.7 acres or less will be able to divert the entire allotment for payment. Payment will be contingent upon a conserving use of diverted acreage. Other features of the 1969 wheat program will be much the same as those for the 1966 crop.
Johnsons Entertain with Family Dinner Monday
Mr. and Mrs. Robert Johnson of Luray entertained with a family dinner Monday evening. Their guests included Mr. and Mrs. G. H. Dennis of Amissville and their houseguest Lisa Luttrell of Mahwah, N. J.; Mr. and Mrs. Pat Biggs and Mrs. Thelma Russell of Flint Hill; Mr. and Mrs. William C. Dennis and children Deborah and Bill and a friend Judy Green of Jackson, S. C.; and Mr. and Mrs. J. G. Russell and daughter Mary Rebecca of Winchester.
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