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Show WHEAT LOANS AID PRODUCERS UNDER ' ' NEW O P A CEH.ING Importance of the wheat loan program to farmers of Utah county was emphasized recently by W. R. Holman, chairman of the county AAA committee in explaining the program to prevent increases in the prices of bread and flour to the American consumer. The program, formulated by the office of price administration and the U. S. department of agriculture, provides for making wheat available to flour millers at prices approximating approxi-mating the levels which prevailed from September 28 to October 2. This will be accomplished by the release of the loan wheat back to producers by Commodity' Credit corporation for sale in the market. The release price per bushel on such loan wheat will be less than the amount of the loan per bushel plus accumulated carrying charges by a sufficient amount to enable producers to sell the wheat at prices in line with the cealing prices on flour. By this operation, any possibility possi-bility that flour millers will be "squeezed" between advancing wheat prices and a flour ceiling, is removed, Mr. Holman states. Any possibility of a similiar "squeeze" developing between flour and bread is likewise averted. The release prices of loan wheat will be announced by Commodity Credit corporation at such time as the marketing of loan wheat becomes necessary to accomplish the purposes of this program. However, advantages to farmers who participate in the loan program pro-gram are evident, 'Mr. Holman declared, de-clared, for only by placing wheat under loan will farmers be able to derive the full benefit from the program. Wheat not under loan naturally will move at prevailing prices for wheat, as win wheat under loan which has been released. But the farmer with wheat under loan i'iU have the advantage of the loan vhich may be higher than the sell-. sell-. .g price of wheat, the chairman concluded. |