Show Farm News I 11 1 I Wartime Price Support Programs President Truman's proclamation tion of the cessation of f hostilities hostilities ties has two effects which are of or primary importance to farmers First it sets December 31 1948 as the terminal date Corthe for Cor forthe forthe the principal wartime price support support support sup sup- port programs Price supports for three general classes of commodities commodities commodities com com- were guaranteed to farmers by war emergency legislation legislation legislation legis legis- lation for two full calendar years following the cessation of hostilities hostilities hos has to assist in readjusting agricultural production to peacetime peacetime peace peace- time lime requirements Second the Presidents President's proclamation proclamation proc proc- sets December 31 1948 as tho the date when restrictions on the disposal of cotton by the Commodity Credit Corporation prescribed in Section c of the Triple-A Triple Act of 1938 1338 again become operative These restrictions prohibit from selling cotton below cost and limit sales in any calendar month to bales and in any calendar calendar cal cal- year ear to bales The Presidents President's proclamation does not affect authorities of the i Department of Agriculture under I the War Powers Act and the Price Control Extension Act of 1946 which include War Food Orders the making of certain subsidy payments the monthly certification of ot commodities In short supply hn land 1 others U. U S. S Farm Fann Exports U. U S S. S agricultural exports In 1947 will continue large but probably below the level reached reach ed d during ring th the critical critical emergency in tho the first half halt of 1946 says the Department of Agriculture Supplies of most crops and livestock livestock live live- stock products are expected to tobe tobe tobe be large but large domestic demand demand demand de de- de- de mand and depleted stocks will tend to limit quantities available for export In general the foreign need for American farm products will willbe willbe willbe be less pressing than during the few months preceding the tho 1946 harvest hanest However foreign demand demand demand de de- de- de mand for such products as grains will remain high since emergency cy conditions still prevail in large areas of Europe and Asia In fact critical shortages may develop again in some European countries before the 1947 crop cropis I is available More l Fats In Than Out For the first time since sine 1942 the U U. S. S during the first quarter of ot 1947 will import more fats and oils than it exports About million pounds are scheduled ed for Import and million pounds for export Exports of ot fats and oils from the U. U S. S are principally lard soybean oil oU shortening margarine and soap Imports are mainly copra for Cor crushing into coconut oil linseed linseed linseed lin lin- seed oil oil castor beans ana and oil tung and rapeseed |