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another farm. The program does not contain a marketing loan provision, and marketing quotas will not be in effect for the 1987 crop. Marketing quotas would require producers to limit the quantities of wheat they could market.
If reserve wheat quantities exceed the upper limit set by USD A when 1987 crop wheat loans mature, Ms. Henry said the crop will not be eligible for entry into the farmerowned grain reserve.
“Actual crop yields for 1987 and subsequent years will not be used to establish 1988 and future farm program payment yields.”
The ASCS official said the Secretary of Agriculture has the authority to initiate cost reduction options for the program. These may include reopening and changing a contract entered into by a farmer under the program if the producer voluntarily agrees to the change.
Signup for the 1987 wheat program will be conducted from October 1,1986, through March 30,1987.
95.2%