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Show FARMERS 1 ST BETH I HEATPp Utah farmers are assured of at least 90 cents a bushel for wheat during the 1941-42 marketing year, predicted Orville L. Lee of Paradise, Para-dise, member of the State Agricultural Agri-cultural Adjustment Administration Administra-tion Committee, Tuesday. Ml'. Lee pointed out that with the loan rate on No. 2 Hard Win ter Wheat $1.10 in Kansas City, the rate on the' same grade of wheat in Utah would be 83 cents. When the 7 cents a bushel for farm storage under the loan program pro-gram is added to the 83 cents it puts a bottom under wheat prices of around 90 cents, he said. Loans will again be available on 1 barley. The loan rate will be around 45 cents, or 10 cents higher high-er than the rate last year. The boost in the loan rate was ' largely due to the bill which was recently signed by the President giving a rate of not less than 85 per cent of parity on wheat. By approving wheat marketing quotas in the national referendum, wheat growers made it possible for the loan program to operate in 1941. The law requires that when quotas are announced and rejected, reject-ed, there shall be no loans made on wheat grown in the year m which they are announced. Loans on wheat and barley are available to farmers who have cooperated co-operated in the AAA Farm Program. Pro-gram. Any producer whose total 1941 acreage of soil-depleting crops does not exceed the total soil-depleting allotment set up for his farm, or the permitted acreage, and who has not seeded in excess of special crop allotments, is eligible eli-gible for a loan on his barley ana wheat. Wheat may be stored on the farm or in an approved warehouse Where it is stored on the farm and is turned to the Commodity Credit Corporation to liquidate the loan, 7 cents a bushel will be paid farmers for storage, Mr. Lee said. |