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Wool Incentive(Continued
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sheep or lambs sheared to produce the wool on which they apply for payment.
Lamb feeders and others who trade in sheep or* lambs should keep records which clearly establish compliance with the 30-day ownership requirement if they plan to apply for payments under the wool program.
Application for wool incentive payments may be made by producers at their county ASCS office as soon as their sales are completed. Wool delivery expenses, as well as any other marketing expenses, not shown in the sales documents should be reported at the time application is made for incentive payments.
Applications covering 1970 marketings have been filed by six Rappahannock producers to date. The A SC Committee- Chairman estimated an additional 20 producers will file by the time 1970 marketings are completed.
Under the National Wool Act all producers who market wool in 1970 are eligible for' incentive payments. Shorn wool payments to a producer are equal to a percentage of his returns from sales. The percentage is that required to raise the national average price received for shorn wool by all producers up to 72 cents a pound.
93.7%