Show reserve wheat W h e a t For Insurance from crop surplus U pius crop ansur insurance ance for wheat will be one of the important methods of carrying out the national agricultural policy of utilizing a part of surplus production to maintain reserves of farm products and to stabilize the income of farmers according ic cording to director will william farn P peterson e ierson of the utah state agricultural college extension service through the crop insure nee program he says there will be set up in storage a reserve of wheat which can be drawn upon by insured wheat growers when they suffer yield losses resulting from drought flood hall hail plant diseases insect infestations and other unavoidable causes cause sv storage reserves will be built up of wheat paid in by farmers as premium on insurance this paid in wheat will be released through farmers in payment of ties for crop losses paying in from crop Eur surpluses pluses for insurance and drawing out reserves for crop loss compensation will help to stabilize market wheat supplies and prices farmers will pay premiums either in wheat or its cash equivalent alent at the current market price when premiums are paid in cash the federal crop insurance corporation po ration will buy wheat with the money paid in the farmer will have his choice of accepting payment for crop losses either in the form of wheat or its cash equivalent at the current market prices the corporal Cor on would sell wheat to obtain the money for cash indemnity wheat sold to prevent storage deterioration or to move some of the reserves to another location must be promptly replaced with new wheat crop insurance mr peterson says is designed to enable the wheat industry to take care of its own losses the cost of the actual insurance will be borne by farmers the government will pay for administration and storage costs farmers will have opportunity to obtain detailed information on crop insurance program at local meetings to be held soon crop insurance on wheat will be available in any county or area where sufficient numbers of farmers participate in the program crop insurance application forms will be available in offices of county committees during the harvest period of the current crop |