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Show I FARM NOTES BY HYRUM STEKFEN Beaver County Agent Wheat at $1.0$ a bushel in Beaver Bea-ver county is now possible and highly probable, predicts Reed 1 Smith of Beaver, chairman of the county A A A committee. I A ll'-ll wheat loan program, based on the recently enacted 85 j per cent parity loan law, has been announced by the department of, agriculture. Wheat producers in j the national referendum on mar-( keting quotas May 31 voted in i favor of the quotas by a majority j of S0.S per cent and under the law of S3 per cent of parity loan is mandatory when quotas are approved. ap-proved. Loans for 1941 rye and barley also have been announced. The wheat loan rate is based on the July 1 parity price for wheat, and Mr. Smith estimates that 85 per cent of parity on that date will represent an average national nation-al loan rate to farmers of approximately ap-proximately 9S cents a bushel. Already a loan rate has been set up on No. 2 hard winter wheat at Kansas City of $1.10. That price, less the freight differential, gives S3 cents as the price in Utah. Add to the 83 cents the 7 cents for farm storage and the bottom price for wheat would be 90 cents a bushel. The farmers who have cooperated co-operated in the AAA program will earn another 8 cents a bushel on their normal yield as a conser-(Continued conser-(Continued or. last page) FARM NOTES ! ! (Continued trom first page) vation payment and 10 cents a bushel as a parity payment.' These two payments, added to the 90 cents assured by the loan program, pro-gram, gives a total income of SI. OS a bushel for wheat in Utah. "With the farm loan values averaging av-eraging about 98 cents a bushel for the nation, and the 1941 wheat parity and conservation payments amounting to 18 cents, the program pro-gram cooperator will receive a total return approximately equal to the parity price. In other words, wheat farmers this year are going to reach their goal of parity for the first time since the farm depression hit American agriculture in the early 20's", Mr. Smith said. |