Show wheat penalty higher in 1962 Farmers were reminded again today that legislation recently enacted Into law made material changes regarding wheat of the 1962 George Agricultural Stabilization and Conservation County Committee points out that the legislation not only raised the rate of the marketing quota penalty which applies to but it also changed the method of figuring the amount of wheat that is subject to such The has been raised to 65 percent of parity as of May it was 45 And the amount of wheat subject to penalty will be twice the farm normal yield on all of the acres in excess of the Wheat If the proved 1962 actual yield is less than this and a request is filed before the stipulated a reduction will be made in the amount of the based on actual The Chairman explained that the wheat results when the grower does not comply with the farm wheat allotment the marketing quota exemption if this is The marketing quota exemption acreage is the smaller of acres or the highest acreage of wheat on the farm in any of the crop years or the farm has been signed up in the 1962 Wheat Stabilization Program and the excess acreage of wheat is not disposed of in accordance with program no diversion payments may be made under th No price support will be available on the 1962 wheat crop if the farm is in excess of the farm acreage Where the final acreage remains in excess of the and tho excess wheat Is not stored or delivered to the Secretary of Agriculture in accordance with the farm will also be subject to a reduction in future wheat |