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Set-aside percentage and setaside payment rates are the most eagerly-awaited details still to be announced for the feed grain program. In determining these, Secretary Hardin considers the need for increased farm income and a strong economy; probable demand, both in U. S. and overseas; the necessity of maintaining the nation’s competitive position in farm exports; expected carryover stocks and their effect on farm prices; the long-term future of American agriculture; and many other factors.
Mr. Barksdale commented that determination of set-aside acreage and set-aside payment rates necessarily includes many imponderables, citing the 1971 feed grain determinations which had to be made with no way of knowing how the new form of Southern leaf blight might affect the corn crop. As it turned out, the blight was not a major problem this year, and it looks like a record corn crop. Now, the Secretary of Agriculture must consider the effects of this record production as he develops the 1972 program.
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