Show county count ly agent explains wheat loan program submitted by russell keetch the attention of farmers is called to the wheat loan program of the agricultural conservation association of duchesne and urn uin tali counties on wheat stored in eligible granaries on your farm loans may be made at the rate of per bushel for grades 1 and 2 with small adjustments in the loan rate for other grades of wheat if the farmer holds his wheat in storage until the thir thirty ty first of may and turns it over to the commodity credit corporation after that time an additional ac will be paid now what are your costs for the loan first you pay to the county committee at time of application county committee expenses for completing your loan papers making inspections etc cannot exceed ac per bushel or a maximum of 20 2000 00 per loan second you pay insurance for fire wind etc at the rate of about per year per value wheat stored there are no other costs L except that you deliver your wheat after the thirty first of may to the customary slivery delivery point you do not pay interest unless you liquidate your loan and or of course you will not liquidate your loan unless you can net more than that outlined outline 1 above per bushel in addition cooperators in the wheat program may receive a payment of per bushel on their normal of wheat for ti pil 1938 wheat acreage allotment thus those who cooperate in the wheat program and store their wheat on their own farms f arms should net well in excess of per bushel for their th c ir wheat to do this th is however you must bo be in compliance on the 1938 program please remember that if you are arc not in compliance now cheri the ample opportunity for you to get into compliance by diverting some of your summer fallow acreage to perennial legumes or grasses information on availability of crested ed wheat grass seed may be had from your county agent before you take less for your wheat than the loan privileges outlined above certainly you should see your county committee or your county agent commercial storage for commercial storage the situation is about the same except that you do not receive the additional ac for storage on houi farm the costs to you for the county committee for your application are this expense is to complete loan papers at present there is not much commercial storage available in utah however it appears that more mora may become available later your county committee suggests su g ests that you investigate carefully the commercial storage phase of wheat loan program before you sell your wheat heat for less than per bushel they also suggest that you consult them or russell kecich uintah county agent if you have any questions oi 01 the wheat program wheat loans are available now or as soon as your wheat has been in storage thirty days day for farm storage and commercial storage on presentation of your warehouse certificate from the approved warehouse |