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Storage Cost Reduction Highlights Feed Grain Program Benefits
Palo Alto County ASCS chair Joe Lynch says the Feed Grain Program cut CCC storage costs from over 400 million dollars in 1961 to under half that amount. CCC corn holdings dropped from 615 million bushels on July 1 1961 to 91 million, with further reductions and sales since. Carryover of all feed grains fell from 85 to 47 million tons, corn carryover from 2 billion to 937 million bushels, and state average corn yields rose from 63 to 86 bushels per acre while Iowa prices advanced over 30 cents.
MENTIONED IN THIS ARTICLE
Community Credit Corporation
Joe AL Lynch
Palo Alto County
ASCS
CCCC
CCC
COC
Palo Alto