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FUNDING OF costsharing activities under the ; Rural Environmental Assistance Program (REAP) and for further contracting under the Water Bank Program (WBP) is being terminated.
The U. S. Department of Agriculture said these two programs are among those selected after a review of federal programs to identify those of “low priority that can be reduced or eliminated without serious economic consequences.” This review was initiated as part of the effort to hold 1973 federal budget outlays to $250 billion.
The income supplements for farmers that have been provided by the REAP and WBP are no longer necessary, the Department said. Realized net farm income in 1972 will reach an alltime high of nearly $19 aillion. In view of this, and aecause of the general acceptance and profitability >f certain practices, it is
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