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ASC Provisions for
72 Wheat Program
Major provisions of the 1972 program for wheat have been announced. The program provides for an acreage set-aside requirement equal to 83 percent of the farm domestic allotment - the maximum provided by law. It was further announced that the program will again allow the substitution of feed grain for wheat; that soybeans will be a substitute crop next year; and that barley will be included in the 1972 feed grain program. No limit on wheat acreage will be established for 1972.
These changes in the 1972 program give the farmer greater freedom to plant the commodities which will earn him the best possible income, without losing program benefits. By announcing these changes at this time, producers will have the information they need to make their planting plans for the 1972 crop. There is no change in the previously announced 1972 domestic wheat allotment of 19.7 million acres or in the loan rate of 31.25 per bushel national average established for the 1971 crop. Farm-stored and warehousestored loans and purchases are available to producers who participate in the program. The 1972 wheat set-aside percentage is based on preliminary estimates of acreage required for next year’s production to meet U. S. domestic and export needs. It compares with the 1971 set-aside rate of 75 percent of the farm’s allotment. Under the substitution provision, acreage devoted to feed grain or soybeans will be considered planted to wheat to
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91.7%