OCR Text |
Show Wheat May Be Purchased At Loan Rate Federal Surplus Commodities corporation advised state Agricultural Agricul-tural Adjustment administration offices here last week (September 15) that wheat eligible for loans under the current wheat loan program pro-gram will be purchased at the rate OI loan fO-- cars at points in southern Idaho and Utah where approved local warehouse and farm storage facilities are noti available under the loan program. Any wheat producer eligible for a loan may offer to sell his wheat directly to the corporation or through his local warehouseman or grain dealer. If the .producer loads cars and sells directly ot the corporation, he will receive the local loan rate, which is based upon 50 cents per bushel for No. 2 hard winter wheat in this territory. terri-tory. If the sale is made through a local dealer, the producer will receive re-ceive the loan rate less the statutory sta-tutory warehouse charges and any auxiliary charges, the total of all deducations for handling the com-iplete com-iplete transaction not to exceed four -cents per bushel. . An office of the corporation is being established in the Federal building at Ogden with F. S. O'Neal O'-Neal in charge to handle the program. pro-gram. Purchases will commence imediately. Producers interested in selling wheat should contact local county coun-ty agricultural conservation committeemen com-mitteemen through whom first papers must be cleared. Details of the program and full information informa-tion will be in the hands of com-jmitteemen com-jmitteemen now or in the next few I days. The purchase program was developed de-veloped as result of a preliminary meeting of state AAA committeemen committee-men and corporation representatives representa-tives at Pocatello, Idaho, Monday, Sept. 12. Discussion at the meeting meet-ing centered around ways and means of giving all eligible producers pro-ducers in southern Idaho and Utah benefit of wheat values under un-der the loan program. Since then H. L. Stafford and LeRoy C. Funk, state AAA executive officers of Idaho and Utah respectively: and E. J. Bell of Washington, D. c, representing the western divi-'sion divi-'sion of AAA, have been in con-'ference con-'ference with W. J. Albers and Mr ! O'Neal of ' the surplus crops cor- poration. The FSCC explained that an eli-igible eli-igible producer is one on whose farm the total acreage of soil depleting de-pleting crops in 1938 will not ex-!ceed ex-!ceed 105 percent of the total soil I depleting acreage allotment for the 'farm under the 1938 agricultural ' conservation program. The wheat !jmust have been produced in 1938. |