| Show Wool growers receive from Uintah County wool producers will receive in the mail mall this week in 1977 wool program payments according ac cording to Lyle Taylor local Agriculture Stabilization and Conservation Conservation Conservation Con Con- Service Director Mr Taylor stressed that the wool program payments are financed through tariffs collected from wool imported into our country rather than through taxation as supposed by many people He lie said the program will continue through 1981 1931 Payments said Mr Taylor are based on an incentive payment rate of percent on 1977 of shorn wool The announced payment rate is based on the difference between the national 11 average price of 72 cents a pound received by producers during 1977 and the previously announced incentive price of 99 cents a pound Incentive payments to wool growers are required under the National Wool Act of 1954 as amended The 1977 payment rates compare with the of 96 percent A growers grower's payment on 1977 is' is determined by multiplying the net dollar return from the sale of wool by the payment rate of percent This percentage method of payment is designed to encourage growers to improve the quality and marketing of or their wool In tn any marketing year for which incentive payments are made the higher the price a grower receives for his wool the larger his payment A payment rate of per hundredweight hundredweight hundredweight hun hun- on unshorn lambs sold or slaughtered in 1977 was also announced by USDA This payment is designed to compensate growers for the wool they market on live lambs rather than as shorn wool The payment is based on the shorn wool payment rate average weight of wool per hundredweight of lambs and value of lambs' lambs wool relative to the national average value of shorn wool Deductions of II cen cents a pound from 1977 shorn wool payments and 7 cents per hundred pounds of from 1977 lamb payments will be made to finance advertising sales promotion and related market development ac ac- These deductions provided for forin forin forin in the National Wool Act were approved approved approved ap ap- ap- ap proved by an percent favorable vote vole by voting in a November 1974 1914 referendum |
