Show WHEAT PRICE MAY MAY REACH BEACH A BUSHEL IN COUNTY wheat at in iron county is now possible land and highly probable predicts J M palmer chairman ut the county AAA committee A 1941 wheat loan program bas baa ed on the recently enacted 85 per cent of parity loan law has been announced by the department 0 agriculture wheat producers ml ini the national referendum on marketing quotas may 31 voted in dav or of the quotas by a majority of per cent and under the law art an 85 per cent parity loan is mandatory when quotas are approved loans for 1941 rye and barley have also been announced the wheat loan rate is based on july I 1 parity price for wheat ani and mr palmer estimates that 85 per cent of parity on that date will represent an average national loan rate to farmers of approximately 98 cents a bushel already a I 1 loan 0 a n rate has been set up on no 2 hard winter wheat at kansas city of that price less the freig freight lif differential gives 83 cents as the price in utah add to the 83 cental the 7 cents for farm storage and the bottom price for wheat would be 90 cents a bushel the farmers who have cooperated in the AAA program will earn another 8 cents a bushel on their normal yield as a conservation pay ment and 10 cents a bushel as a parity payment nt these two payments i added to the 90 cents assured by the loan program gives a total income of a bushel foi foia wheat in utah |