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ne ceruucaie value is Dasea on the difference between July 1, 1970, wheat parity price of $2.82 per bushel and the 1970-crop national average loan rate of $1.25 per bushel. Certificate payments to farmers are based on projected production on 48 percent of 1970 wheat acreage allotments. For 1969-crop wheat, certificates worth $1.52 per bushel were issued on 43 percent of the projected production of the allotted acres. 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.
85.7%