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resold at $0.78\ and $1.28 per bushel averages, respectively, plus carrying charges, which makes the resale prices comparable to those commodities which do have target prices.
A RESALE policy on any honey acquired under the purchase program will be announced later. On April 11 the Department announced a 1975 National Wheat Allotment of 53.5 million acres. The allotment does not represent a limit on the amount of wheat that may be planted. It is used solely to -determine what payments would be made to wheat growers if the National average market price for wheat during July-November 1975 falls below $2.05 a bushel. The 1974 National Wheat Allotment was 55 million acres and farmers planted 70 million acres.
Taylor also said that based on wheat and barley prices during the first 4-months of the marketing year, and on current corn and sorghum prices it is highly unlikely that farm prices will average below the applicable target prices. Therefore, it is improbable that any deficiency payments will be required.□
97.4%