| Show Wool 0 1 Support rt Program Announced by USDA By County Agent Dt Paul Secretary of Agriculture c C. C F F. Brann Brannan n announced today that thai the na national average support price e for lor wool shorn or pulled during callender year tear 19 1953 1933 3 will willbe willbe willbe be at 90 per pet cent of ot parity aC aCcording according ac ac- cording to Dr Carl Utah extension director tor Or fir indicated that the various closing dates applying to 10 loans and purchase under the 1952 wool support program will be extended an additional three e months to give producers reasonable time to place the current years year's production pro pro- production under tho the 1952 program The latest date on which non non- recourse shorn wool loans and pulled wool purchases may be requested under the 1952 1932 program program pro pro- gram will be March 31 1953 Instead of December 31 1952 as orl originally announced Requests Re quests for appraisal preparatory to obtaining a Joan Joanon on shorn wool or the purchase of pulled wool under the program pro gram may be made by handlers through February 28 rather than November 30 The maturity maturity matur ity date for shorn wool recourse loans will 1 be April 30 rather than January 31 The maturity date of the advance ad vance vane of df recourse loans will be five months from drom the date of the note or April 30 30 whichever Is earlier Latest maturity date until now has been December 15 The maturity date on an advance ad ads vance vane loan Joan may be extended to tono tono tono no later than April 30 In Instances In ins stances where whore appraisal requests re reo quests In to preparation for converting con the advance loan to a loan have been made toy iby the handler within a reasonable time Ume after the advance ad ads vance loan is made but appraisal appraisal ap apt Is not completed before fore the normal maturity of the advance ad ads vance loan Other details of the 1952 program am remain the same as announced by the USDA on March 31 1952 Actual support prices as calculated cal calf at 90 per cent of parity for 1953 produced wool will be announced about April 1 1 1953 when March 15 parity price for Wool becomes available The national average price is based on parity at the beginning of the marketing year The program pro gram will wUl cover only wool pulled pull ed or shorn In the ithe calendar year 1953 and loans loans' or purchases willbe will willbe be made beginning May 1 Since additional time Is beIng toeing provided provid ed under the 1952 program to permit 1952 produced wools to come under the program none of this wool will be eligible for support under the 1953 1933 program The support level announced for the 1953 program at 90 per percent percent percent cent of parity is the s same me as for forthe forthe forthe the 1952 program A wool support sup port program Is required by the Agricultural Act of 1949 This act provides for price support of wool between 60 and 90 per cent of parity and at a level within this range to encourage anan an an annual annual an an- anI I nual production of II million pounds of shorn wool Production has been below be be- I I low this level for several yeras I |
