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bushel were issued on 40 percent of the projected production of the allotted acres.
Certificate payments add substantially to the income farmers receive from marketing their 1969 wheat crop. The $800 million in certificate payments when related to estimated production on the 45 million acres of allotment on participating farms reflects an income, as a national average, of 62 cents on each bushel produced by cooperators, as compared to 55 cents on eligible 1968-crop wheat.
In determining total return per bushel for wheat, cooperators divide their certificate payment by their total production to get an average per bushel payment. By adding this to the price they receive in the market, participants in the program find their total return per bushel.
95.2%