| OCR Text |
Show AAA Announces Plan for Wheat Feed Redemption Cache county farmers will be permitted , to redeem frm-stored wheat held under loan to commodity com-modity credit corporation through June 3, 1942, at feed wheat prices, Sterling M. Jones, of the county AAA committee announced today.' In the area where the feed wheat price is determined on the basis of the 1941 wheat loan value at the -point of destination, the re- demption price shall be three cents more than the 1941 loan value of wheat. Producers must agree in writing that the wheat will be fed on the farm to livestock or poultry or will be sold for such purpose. No redemption or sale shall be permitted per-mitted unless the county committee commit-tee determines that the producer redeeming the wheat or the pro-ducr pro-ducr purchasing the wheat has sufficient livestock or poultry to utilize the wheat as feed within a reasonable length of time. Producers Pro-ducers purchasing wheat from other producers will be required to agree in writing that the wheat will be fed to livestock or poultry. In the event the purchaser fails to feed the wheat to livestock or poultry, he shall be required to pay the corporation an amount equal to the difference between the loan value, plus interest, plus storage allowance, plus interest and the amount at which the wheat was redeemed. ! The plan further provides that the producers who redeem their 1941 wheat be permitted to retain the 7-cent storage allowance on 1941 wheat if they have received the allowance, and that the 7-art 7-art niinwanrp be deducted from 'the redemption price in the event , icy nave rcciveu it, ana Uucrs who redeem 1940 wheat be jermitted to retain the 7-cent fcorage allowance advance at the ime the loan was extended and he 5-cent storage allowance for he extended period be deducted rom the redemption price. Any farmer wishing to redeem lis wheat should see his county VAA committee at once. |
