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Control Contract Is Given Approval For 1938 Hog Program
Administrative approval granted for the new corn hog contract covering 1938 and 1937. T H McGov ran reports the forms are being prepared with issuance planned for January. Provisions include up to 100 percent hog base production in 1938 with payments up to 2.50 per head for up to 50 percent of base, options to retire 10 to 80 percent of base with 35 cents per bushel on retired corn yield, and a requirement that 25 percent of base be planted for maximum payment. Bases will be re established by appraisal, earlier bases discarded for new or returning producers, and equitable bases will be assigned before spring planting. By late November 962,571 contracts accepted from 1,030,000 applications. first payments issued on 993,498 contracts.
MENTIONED IN THIS ARTICLE
T. H. McGovran
Washington