Show farm news wartime ill ice support programs president Tr proclamation of tho the cessation of hostilities has two effects which are ot importance to farmers farm ers first it sets bets december sl at 1848 1948 is as the terminal date tor for the principal wartime price support programs price supports for throe three general classes of commodities modi ties were guaranteed to farmers by war emergency legislation for two full calendar years following the cessation of hostilities tili ties to assist in readjusting agricultural production to peacetime requirements second the presidents proclamation lan la sets december 31 1948 as the date when restrictions on the disposal of cotton by the commodity credit corporation prescribed in section c e of the triple A act of 1938 again become operative these restrictions prohibit CCO from selling cotton below cost and limit sales in any calendar month to bales and in any calendar year eai to bales the presidents proclamation does not affect authorities of the department of agriculture under tinder the war powers act and the price control extension act of 1946 which include war food orders the making of certain subsidy payments the monthly certification of commodities in short supply and others I 1 U h S far baini exports U S agricultural exports in 1947 will continue large but probably pio bably below the level reach ed during the critical emergency in the first halt half of 1946 says the department of agriculture Agil culture supplies of most crops and livestock products pio ducts are aie expected to be large laige but large domestic demand and depleted stocks will tend to limit quantities available aal lable tor for export in general the foreign need for american farm faim products will be less pressing than during the few months preceding the 1946 harvest however Howe vei foreign demand tor for such products as gialda will v remain high since emergency conditions still prevail in large areas of europe and asia in tact fact critical shortages may develop again in some Eti european robean countries coun tiles before the 1947 crop Is available I 1 more fitts fats in than out for the first time since 1942 the U S during the quarter of 1947 will import more moie fats and oils than it exports about 2940 million pounds are scheduled for foi import and million pounds for export exports of tats fats and oils from the U S are principally lard soybean oil shortening margarine and soap Illi imports ports are mainly copra for crushing into coconut coconut oil ila oed oil castor beans ano ana oil tung and rapeseed |