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68 Wheat Program
Has $1.38 Bu. Value
Wheat certificate payments to farmers participating in the 1968 wheat program will have a value of $1.38 per bushel, the U. S. Department of Agriculture has announced. The payments are based on the difference between the July 1, 1968, wheat parity price of $2.63 per bushel and the 1968-crop national average loan rate of $1.25 per bushel. The 1967 value was $1.36 per bushel. Wheat marketing certificates are authorized by the 2-price provisions of the Food and Agriculture Act of 1965, guaranteeing participating fanners 100 percent of wheat parity price for their share of the wheat used for domestic food. This substantially bolsters, farm income for wheat while permitting support of market prices through loans at levels more competitive in world trade channels.
H. S. Barksdale, Chairman, Agricultural Stabilization and Conservation County Committee, said today that certificate payments to farmers participating in the 1968 wheat program will begin about July 25th from ASCS county office. The payments will be based on the projected production of 40 percent of the farm’s planted acreage within the 1968 wheat acreage allotment.
Nationally, certificate payments to approximately 837,000 participating farmers will total about $730 million for the 1968 wheat crop. About 85 percent of the national allotment is on participating farms. When
93.5%