Vernal Express | 1954-09-02 | Page 15 | New Bill Gives Incentive Price Support to Wool Section

new rill bill gives incentive price support to wool washington the compromise promise firm farm hill bill provides foi incentive pietre supports support on oil wool nt lit levels set by the secre tary v of agriculture the arico props limited to wool and marketed between april 1 I 1955 and march at 1 1959 enriot exceed per cent of felir price parity level the administration has indi ca anted ted it will set supports on oil wool nt at about 65 cents roughly I 1 10 per cent of present pa purity rity the secretary secra tary in lit suiting setting support levels for wool must consul with producer represents les und and take into consideration prices mild paid and other cost conditions affe efing sheep production the tile measure provides provid ts that if the support price thus sot set doos does not exceed 90 per cent of parity for shorn wool the su support port price for shorn wool ahall be at such level not in excess of DO 90 per nor less than 60 per er of the parity price therefore as the secret secretary arv determines ter mines necessary in order to encourage an annual production 0 approximately pounds of shorn wool 0 support prices for pulled wool and mohair are to be be set at such levels in relationship to the support price for shorn wool as the secretary deter mines will maintain normal marketing practices for pulled wool ana and as tho the sect rotary hall ahall determine is necessary to maintain approximately the came same percentage of parity for mohair as s for shorn wool the deviation of mohair price supports must not be figured in such u ch a way WHY as to cause it to r rise be or all fall more than 15 per cent above or below the comparable percentage of parity at which shorn wool la Is supported