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Increased 1963 corn price support and feed grain aids announced
Secretary Orville Freeman raises the 1963 corn loan rate to 1.25 per bushel with higher rates for barley and grain sorghum. Bengtson notes the plan aims to raise farm income, balance supplies, and cut costs. Special provisions help small farms with diverted acreage and maintains 1963 payments and diversification rules.
MENTIONED IN THIS ARTICLE
Orville L. Freeman
Commodity Credit Corporation
Louis C. Bengtson