Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 1 · column 7 of 8 · from the scan, no model involved
Progams Benefit
Wheaty Grain Farms
Wheat and feed grain producers have benefited from the voluntary programs of recent years. The tremendously burdensome supplies of 1960 have been reduced to manageable levels. Hhe utilization of grains in the domestic market and for export has been increased substantially above that of the late fifties. Increased utilization, both domestic and export, must be a primary goal of any farm program that in the long run will benefit farmers. Present programs with a somewhat lower price-support loan level combined with the supplemental feature of payments were designed for this purpose and are making excellent progress.
Notwithstanding the disappointing average market price, farmers cooperating in the feed grain program are entitled to an average loan of $1.05 on their entire corn crop. The price-support payment will add from 19 cents to 30 cents a bushel to the value of each bushel of com depending on the acres diverted under the program.
The estimated market value of the 1968 crop of feed grains plus government support payments will be 40 percent higher than in 1960.
For cooperating wheat growers the average price support loan is $1.25 a bushel. These farmers are also entitled to marketing certificates equal to from 55 cents a bushel to $1.38 depending on the portion of the wheat allotment seeded. So, the assured average total return per bushel will be from $1.80 a bushel to $2.63 a bushel.
If there were no feed grain program, corn would be around 60 cents a bushel on the market and wheat around 70 cents and no payments. ITiis would not be a rosy prospect.
iybt> if funds are available and the plan is approved.
82.0%