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Newspaper
Lancaster Farming
Location
Lancaster, Pennsylvania, United States of America
Date
Jul 20, 1968
Page
8
Federation president cites export tax under the Food and Agriculture Act of 1965 as depressing U.S. wheat prices amid a anticipated record crop and rising world supplies. He warns the tax plus processing certificates tax create a double tax, criticizing government control and urging against extending the act.
The 1968 wheat program under the Food and Agriculture Act of 1965 guarantees 100 percent of parity price via certificates. Payments begin around July 15 from the ASCS county office, based on 40 percent of planted acreage within the 1968 allotment. Nationally about 837,000 farmers receive roughly $730 million, averaging 55 cents per bushel on the 492 million acre allotment.
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