| Show USDA Announces Full Details of Incentive Payment for Wool Tile The U. U S S. S Department of today announced that h wool payments for tho 1969 1959 marketing year to year to bring average fOot paces tres up to the previously ro announced incentive level of 62 63 cents per pound under the I National Nation Nation- atlon I al Wool Act will Act will amount to per Cent of the dollar return returns each i producer received from the sale eale of ot shorn wool during the year This This' will re result In an incentive e I payment to producers of for tor every received from the tho dale Bale of ot shorn wO wool l during the fifth year of l the program Payment rayment Rules Ruin USDA alao also announced that the payment rate rato on sales ules of lambs that have never b been en shorn to compensate for tor tho the wool on them wilt will be bo 76 cents per hundredweight hundredweight hundred weight of ot live animals sold Bold This payment is II based on the shorn horn wool payment and Is designed to our go unusual shearing of lambs before marketing Because tho average mohair price of cents per pound re roo received by producers was above the mohair support price of 70 cents per pound no payments I will be made on mohair sold during dur duro ing lag the the 1959 marketing year County Agricultural Stabilization Stabilization tion lion and Conservation offices of flees will begin making payments soon eoon after alter July 1 1 Applications for tor payment were filed mod with these I I offices by April 30 The payments will wUl be made on shorn wool und and unshorn lambs Iambs marketed from April 1 1959 9 through March 31 1960 The wool incentive program was authorized by the National I Wool Act of 1954 Legislation I originally provided for tor a program during the 1955 through 1958 1953 marketing years but was extended extend extend- I ed in 1959 1958 to continue through the 1959 1960 and 1961 marketing years The Act directs the Secretary Sec of Agriculture to support the price of shorn wool at an Incentive level he finds necessary I to encourage an annual production production tion of million pounds of shorn wool The Act limits the cumulative payments to an amount equal to 70 per cent of the duties collected on imports of wool and wool manufactures since Jan 1 I 1953 I Wool Production Shorn wool production in 1959 continued to move upward and was almost 7 per par cent more than thanin in 1958 Although 1959 production of 2572 pounds is 18 well below the billIon pound annual annual an nual production goal provided by bytho bytho bytho tho Wool Act it was tho the largest yearly output since the 1946 clip The 1960 clip Is expected to be beabout beabout about 4 per lel larger cent than 1959 or about million pounds For Forthe Forthe Forthe the third successive year num numbers bers hers of ot stock sheep sheel on farms and ranches increased Numbers on Jan Jau 1 I 1960 were wore up 3 per por cent from a a. year earlier and were the largest since 1948 1945 The shorn wool payment rate for the 1969 1959 marketing year ear was determined on ou the basis of the difference between the national average of ot prices received by growers glowers for shorn wool sold during dur dur- lag ing the 1959 marketing year and the 62 cent 52 cent per pound incentive level announced for tal the 1959 marketing marketing marketing mar mar- year eul in September 1958 1938 The average price received by growers W was 8 cents centa per pound as determined by the Agricultural Marketing l Service on the basis of prices reported by growers grower l in their applications for tor payment Tho The wool incentive rato rate of ot i per er cent is the amount needed to bring the average return t top for wool up to the incentive level of ot 2 2 cents per pound To determine the wool lira tl-re payment for tor individual producers producers producers pro pro- the rate of per cent centis is applied to the dollar return each producer produce received for wool after paying marketing charges Th The percentage method of ot payment pay ment went Is s designed to encourage producers to do a good job of ot marketing their wool Under this method the producer who geta ieta the tho best possible price for ida hit wool also alo gets leta a higher incentive payment Lamb Payment laymont The tomb iamb payment rate ot of 76 n cents cent per pw hundredweight I is Ii deter dater d. d determined r. r mined on the tho baste bails ba la of the tho average I weight ot of wool per pound pounds ot of of lamb Iamb the value of lamb wool relative relative relative re re- to shorn wool and the die average shorn wool Incentive pay meat ment p PW pr r pound The payment of 75 15 cents per hundredweight o Q of live animal was waS' determined by multiplying five lIve the tube average weight of ot wool in tn pounds pound per pounds o of lamb law times 15 U cents outs which U p 80 SO per cent value vl e of lamb wool relative to shorn horn wool of ot the Average vilate shorn wool payment pay paT ment meat of cents per r pound the difference between the c 62 nt bt too to- to o 9 price and the average price lee received fey by y growers of ot c cents nta per pound of shorn wool Deductions of ot 1 cent per pound pouD'S from shorn wool payments an aR J 1 6 cents cants per pounds of five five- w weight tro trout from Jamb iamb payments be made for Advertising promo promo- promotion promotion tion Uon and related market arke develop I ment meat activities on oa wool and lamb This self help pro gram under Section of ot the National Wo Wool Wont l Act Is I. carried out by the Ameri American can Sheep Producers Council Counell Inc which was wall established for I that p purpose rp e. e D Deductions from I payments payment were approved by producers producers pro pro- I ducar In referendums referendum In 1955 1956 and j I II I 1959 der the wool Incentive e program I for tor the 1958 marketing year taI totaled totaled to to- Of this total I were paid on shorn wool and on Unshorn lambs Payment rates tor for that I year r of 70 per cent on shorn t wool and per hundredweight on lambs were the tho highest of ot the first t four tour years of the program These high rates Tates were based on an average a wool price during the 1958 marketing y year ar of cents per pound which was wae the lowest II since 1941 In additon the payment pay pay- ment mont total was Increased because II 1958 1938 were heavy due to a 1 large larBe 1957 clip 1957 carryover I I which was prompted by declining market prices I I Amounts Paid I Payments Payment to producers for Ui the first four years 1965 1955 through 1058 of the wool incentive program program program pro pro- gram totaled Of this were paid on shorn wool and on unshorn lambs From these amounts 11 were deducted for the ad ad- and sales promotion program I The incentive level for shorn ahorn wool for the tho current or 1960 sitar sitar- sitarI I year which Includes mar mar- between April 1 I 1960 and March larch 31 1961 l la is 62 cents cents cents' per pound the same Slime as for each of ot the preceding years years' of the program to date late The program regulations for the current marketing marketing marketing mar mar- year ear also continue the same as for tor the 1959 year and earlier years The incentive level for the 1961 marketing year which begins April prU 1 1961 and runs through March 31 1962 will be announced this fall faU The 1961 year would be bethe bethe bethe the last of the payment program under present legislation |
