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ASCS offers :/
advance pay ,
The Agriculture Stabilization and Conservation Service is offering advance payments during the 198$ farm program signup for wheat and, feed grains. Farmers who sign ug may request 40 percent of the estimated total deficiency payment rate for wheat and feed grains, according to Linda Henry, Rappahannock’s ASCS representative. „
Deficiency payments are made to, farm program participants when the average market price falls below the established target price for a crop., Ms. Henry said target prices for. 1989 are $4.10 per bushel for wheat, $2.84 for corn, $2.70 for sorghum,, $2.43 for barley and $1.50 for oats.
Estimated deficiency rates per bushel are: wheat, 50 cents; corn, 8$ cents; sorghum, 90 cents; and barley, 23 cents. “Advance deficiency, payments for wheat and feed grains, will be equal to 40 percent of the esr timated deficiency payment rate,’* Ms. Henry said.
Acreage devoted to conserving use under the optional 0/92 acreage diversion program will not be less, than these rates, she said.
Acreage reduction requirement^ for the 1989 programs are 10 percent for wheat, com, sorghum and bar-, ley, and five percent for oats.
Ms. Henry emphasized that an^ farmer who accepts an advance pay^ ment and later does not comply with the 1989 farm program provisions must refund the amount of the a8vance payment with interest, plus liquidated damages. Program applications mav be filed through April 14.
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