How Wheat Farmers Would Adjust To Different Programs Classic Reprint

Author : United States Department Of Agriculture
Publisher : Forgotten Books
ISBN 13 : 9781390477184
Total Pages : 24 pages
Book Rating : 4.4/5 (771 download)

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Download or read book Farm Income Situation written by United States Department Of Agriculture and published by Forgotten Books. This book was released on 2018-09-09 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Farm Income Situation: November 1962 Under the 1963 Feed Grain Program, corn producers diverting 20 percent or more of their base acreage will receive payments on the basis of up to 50 percent of the value of the production on the total acreage diverted up to 50 percent of their base. In addition, they will receive an 18 cents per bushel payment for normal output on the acres planted. A voluntary diversion program for 1963 crop wheat also is provided for in the new Farm Act. Wheat producers participa ting must divert to conservation uses at least 20 percent of their wheat acreage allotment. But, in the case of small farms of less than 15 acres, they must divert their allotment or average 1959-61 plantings, whichever is larger. These participants would then be eligible for diversion payments equal to 50 percent of the value of normal output on the diverted acreage, based on national average support price, and for payment at a rate of 18 cents a bushel on normal production of the acreage devoted to wheat. Payments to farmers under other programs such as Soil Bank, Agricultural Conservation, and Sugar and Wool Acts are not likely to show much change in 1963. Some further increase in farm production expenses is indicated for 1963, but probably not as great as the rise experienced this year. The level of average prices paid for production items and services from the nonfarm sector will probably show a continuation of its persistent rise in 1963. Taxes and mortgage indebtedness will likely push up again in 1963, as in recent years. Wage rates may rise but be offset by a contraction in numbers of hired hands. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.