Show wheat loans available on 1939 UA crop farmers urged to contact county agricultural conservation committee sevier countes coun tys agricultural conservation committee is now ready to accept applications for wheat loans taylor nielson chairman urges all farmers to contact the committee at once for information regarding the execution of a loan on their 1939 wheat crop wheat loans through the commodity credit corporation are made available to all eligible producers who provide acceptable storage for their grain in explaining what cons constitutes an eligible producer mr nielson said farmers are qualified to receive a loan if they produced their wheat in 1939 as a landowner landlord or tenant and did not seed in excess of the wheat acreage allotment established for their farm farmers growing wheat on what was designated as a non allotment farm are not eligible producers wheat may be stored in one of two ways either on the farm or in an approved public warehouse far farm storage to be acceptable must be located away from other buildings to minimize the fire hazard it must also be strong enouf enough h to hold t the he grain without loss and provide ample protection against insects and rodents as well as wind rain and snow farmers who have no available storage on their farms may place their wheat in an approved public war warehouse chouse he pointed out they are then to present a certified tidied receipt to the county committee from the wai ehouse in which they stored their wheat this receipt must show the quality of the grain stored mr air nielson explained that loan rates will vary slightly in different localities but that the average is 50 cents per bushel wheat is acceptable cep table for loans if it grades 1 2 or 3 and under some conditions conditions 4 and 5 wheat loans have materially bolstered the price of this commodity he asserted normally the wheat price is based on the world market the price in liverpool england on july 29 this year was 53 cents a bushel the lowest in I 1 many years it costs about 29 cents a bushel to ship wheat from utah to liverpool deduct 29 from 53 cents and you have 24 cents but instead of having to sell at 24 our price is maintained at an average of 50 centz cents and in addition we get benefit payments totaling 28 cents a bushel |