OCR Text |
Show Wheat Quota Exemption No Longer Effective The 15-acre marketing quota exemption for wheat production produc-tion is no longer in effect. Beauprie Nowers, chairman of the Beaver County Agricultural Agricul-tural Stabilization and Conservation Conser-vation Committee, underscored that statement this week. "Many farmers still ask us about this at the ASCS office," Mr. Nowers said, "and I want to emphasize this change in the law." Under the 1962 wheat stabilization stabil-ization program, there is no exemption for a farm which has no 1962 allotment and which did not have wheat for harvest in any one of the years 1959, 1960 or 1961. On such a farm, the entire harvested wheat acreage would be subject sub-ject to marketing quota penalty, penal-ty, Mr. Nowers said. Under previous programs, farms that produced no more than 15 acres of wheat for harvest were not subject to marketing quotas even though they had allotments of less than 15 acres. For 1962, the marketing quota exemption for a farm is the smaller of: (1) 13.5 acres, or (2) the highest acreage acre-age the farm had for harvest in the three-year period 1959, 1960 and 1961. The marketing quota exemption exemp-tion is not an allotment. If the acreage harvested is within with-in the farm allotment, all of the wheat produced on the farm may be marketed free of the marketing quo.ta penalty. If, however, the wheat acreage on the farm exceeds the allotment allot-ment or the exemption, whichever which-ever is higher, the penalty will be computed on the acreage acre-age in excess of the allotment. |