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vember 1974 period, a producer would be paid on an amount of bushels determined by multiplying the farm allotment times the projected yield established for the farm.
The allotment is set at 55.0 million acres. Thus, on the average, each producer’s allotment in 1974 will be about three times that of his 1973 allotment.
THE TOTAL amount of payments a person may receive under one or more of the 1974 wheat, feed grain and upland cotton programs may not exceed $20,000.
Loans will be available to producers, on their 1974 crop wheat at a national average of $1.37 per bushel, an increase of 12 cents over 1973 crop loans.
The Agriculture and Consumer Protection Act of 1973 provides for release of about ten million
92.3%