Feed Grain Act Of 1963

Author : United States Department Of Agriculture
Publisher : Forgotten Books
ISBN 13 : 9780331767148
Total Pages : 56 pages
Book Rating : 4.7/5 (671 download)

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Download or read book Feed Situation written by United States Department Of Agriculture and published by Forgotten Books. This book was released on 2017-11-23 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Feed Situation: August 1963 If prospects continue favorable for the 1963 cr0ps, feed grain prices are expected to decline seasonally during the next 2 or 3 months. Based on current prospects, feed grain prices this fall and winter may average near the 1962-63 level. Price supports for 1963-cr0p feed grains were increased a little from 1962 levels; but part of the price support this year will be in the form of a cash payment, and the loan rate will be lower than in l962-for corn down from to per bushel. Government sales of feed grains, however, will not be below the loan rates in 1963-6h as was the case the past 2 years. The effect of lower loan rates on prices in 1963-6h is expected to be about offset 'by the smaller sales by CCC. Ou July 18 the U. S. Department of Agriculture announced the major provisions of the l96h voluntary feed grain program. In many respects, the program will be similar to the 1963 program, Total price support levels are the same as in 1963, but loan rates are slightly higher and the price support payments slightly lower. The Act provides fbr'an.acreage diversion program similar to that under the 1963 Feed Grain Program with the maximum diversion raised from to percent to 50 percent of the base. Farmers diverting over no percent of their base would receive an acreage diversion payment based on 50 percent of the normal production of all acreage diverted times the county support price. The Act authorized the Secretary to provide for the substitution of wheat acreage for feed grains or feed grains for wheat acreage. This provision, however, was not adopted since it was concluded that in 196k the complexities of this provision would outweigh any advantages that might result in limited areas. The Secretary also announced that melting barley acreage would not be excluded from requirements of the program. 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.