Show Incentive Pay Is Set for Wool The incentive payment for thorn horn wool marketed In the 1955 marketing year will wll be 9 per percent percent cent ent of ot the dollar return each producer received for his wool Thet That payment will be the first received received received re re- re- re by growers under the current current cur rent wool incentive payment program program pro pro- program gram to encourage domestic wool production by bringing the average er a age return to growers to lo 63 62 cents per pound The fhe chairman of or the Agricultural Agricultural tural Stabilization and Conservation Conservation Conserva Conserva- tion County Committee explains that the payment applies to wool marketed during the marketing year ended March 31 1956 Each Foach grower can figure what his pay pay- meat ment will be by applying the I per cent to the dollar return be he received for his bis wool after paying marketing charges The payment rate on lambs pulled wool compensating pay payments meats ments will be 77 11 cents cent per hundredweight hun bun of live lire animals sold lold for or slaughter Ta The Tb average price reported 1 by 1 wool producers during the 1955 U I 1 marketing year ear was wag 42 8 cents centa per er pound and the announced percentage payment rate is le based on all this average Based on the I announced rate each producer I IYo Yo will III receive an incentive payment of for each received Irom the sale gale of his wool According to the chairman I shorn wool Incentive payments payment will be paid to producers on the I basis bails of the net proceeds rt for the sale of wool aa IU supplied with the application for or payment I submitted before May 1 1 1956 To Toi toute i 1 ti how the payment to a 1 grower Is arrived at he be uses the hO Ing example I Assume sume that the producer sold 1000 pounds pound of wool in the grease I for tor a gross weight price of 48 cents per pound Assume also that marketing deductions for transI trans trans- I nation handling charges harges Including In in- in eluding commissions grading and storage came to 8 cents per pound The gross sales proceeds would be and the net pro pro- eels eeds tOI l. Applying the per percent percent percent cent rate rat to the would mean meana a I. I payment of The 1955 Iamb lamb pulled ed wool payment he explains will be he made to producers on the basis of ot the weight ot of animals marketed market ed for slaughter with the wool on For Instance to a feeder who owned lambs more than 30 days and sold them with a gross weight of pounds the payment payment pay pay- ment would be 77 cents times weight hundredweight or April 30 was the Unal date for submitting applications for wool payments on the 1955 wool clip cUp The current law providing incentive incentive in in- payments if average market market mar mar- ket prices are below the incentive level also applies to mohair However However How How- ever mohair prices during the 1955 marketing year averaged above the incentive level of cents per pound and no Incentive payments will be made |