Uintah Basin Standard | 1962-06-07 | Page 3 | Quota Penalty is Set for Wheat at $1.59

Quota penalty is set for wheat at The marketing quota penalty rate on wheat production has been set at per George Agricultural Stabilization and Conservation County has compares with a wheat penalty rate of per Under the 1962 Wheat Quota the marketing quota penalty on excess wheat is required by law to be set at 65 percent of parity as of May 1 of the crop In previous the penalty rate was 45 percent of This rate per bushel for 1962 a farm's wheat excess in bushels determines the actual amount of pen For the Chairman the law also directs that the amount of wheat subject to penalty shall be figured at twice the farm's normal yield on all the excess acres unless the 1962 actual yield is proved to be less and the producer files a request for an Taylor stressed the fact that some farms with 15 acres or less of wheat may be subject to quota penalties on their wheat production this year as a result of changes made in the law for Before this producers on farms harvesting less than 15 acres of wheat were not subject to quotas apply to all farms on which the 1962 wheat acreage exceeds the smaller of acres or the highest acreage in any of the 3 years- or Producers who have excess wheat acreage still have time to reduce their acreage in order to avoid a marketing quota The Duchesne County deadline for adjusting wheat acreage in accordance with program regulations is July When the penalty is the remaining wheat may be marketed free of If the penalty is not any wheat marketed has an automatic lien against Talents are best nurtured in character is best formed in the stormy billows of the Johann W. von Goethe