Show Changes in Soil Bank Legislation Given for Farmers "Change in Soil Bank legislation legis-lation removes requirement for establishing Fair Rental value and provides for 1960 that the annual payment rate shall not be in excess of 20 per cent of the value of the land placed under contract. The annual payment pay-ment rate shall not exceed the maximum rate which the County Coun-ty Committer determines would have been establisehd for such land under the 1959 Conservation Conserva-tion Reserve Program." Basic annual peracre rates will be established in the same manner as for the 1959 program except applicant's estimate of land value and production data will not be obtained or used. Any land value established for the 1960 program cannot exceed the land value established for the same land for the 1959 program. Closing date for requests for rates further extended through October 9th and closing dates for applications for contracts remains re-mains Oct. 16th. |