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SECRETARY of Agriculture Earl L. Butz has announced details of the 1974 wheat program which he said is designed to encourage “all-out production.”
There will be no setaside requirement for 1974.
New in the wheat program is the “target price feature.” If the average price for wheat is at or above the $2.05 per bushel target price, the producer will receive no payment. If the price average is -below the target, the producer will receive jthe difference between the target price and the five month average price received by all farmers.
There will be no preliminary payment. Any payment due will be paid after December 1, 1974. If the average price received by all producers is under $2*05 per bushel for the July through No
93.5%