Deficiency Payment Rates Announced for Wheat and Barley
Eligible wheat farmers will receive 52 cents per bushel for the 1978 crop, totaling about 620 million dollars, while barley farmers get 35 cents per bushel, about 83 million dollars. Checks begin mid December through County ASCS Offices. New Mexico wheat payments total 4 to 5 million. Allocation factors set 100 percent for wheat and 82.4 percent for barley, based on national program acreages and the gap between target prices and loan or market-year prices.
MENTIONED IN THIS ARTICLE
Leo Griego
The
Agricultural Stablization and Conservation Service
ASCS
Griego
New Mexico
Farm Exports Expected To Rise In 1979
Extension economist Robert Coppersmith of New Mexico State University projects farm exports to climb about six percent in 1979, nearing 29 billion dollars. Import forecasts total 14.1 billion, leaving a trade surplus of 14.9 billion as soybeans and protein meal demand stays strong.
MENTIONED IN THIS ARTICLE
Robert Coppersmith
New Mexico State University
Coppersmith
United States
Farmers' Newsline Report Highlights Crop Livestock Markets
Washington area farmers can access updated agricultural data via the Farmers Newsline. A daily 4:00 PM Washington DC time briefing provides the latest crop and livestock economics from USDA's Economics Statistics and Cooperatives Service. The toll free line operates 24 hours seven days a week.
MENTIONED IN THIS ARTICLE
Washington, D.C
USDA Sets Wool Mohair Prices for 1979
USDA announces 1979 support prices 1.15 dollars per pound for shorn wool and 1.943 dollars per pound for mohair. Payments base on producer returns and national average prices. mohair payments likely unnecessary if open market prices rise above the 1979 support level. Final 1978 sales documents and incentive payment applications due January 31.
MENTIONED IN THIS ARTICLE
USDA
Ray Fitzgerald
U. S. Department of Agricultures Agricultural Stabilization and Conservation
Leo Griego
1979 Upland Cotton Program Announced
Secretary Bob Bergland announced a 1979 Upland Cotton National Program Acreage of 10,634,181 acres with a voluntary 15 percent reduction from 1978 plantings. The NPA may be revised for the Nation's Allocation Factor but cannot drop below 10 million acres. Deficiency payments depend on 1979 target price and allocation.
MENTIONED IN THIS ARTICLE
Bob Bergland
Leo Griego
Agricultural Stabilization and Conservation Service
ASCS
NPA
Griego
Inflation Worries In Classifieds May Be In The Ads
Inflation fears are tied to everyday prices in today’s reading of the classifieds. Estimates project a Sunday paper rising to 1.50, a 75 cent burger to over 3, a 4,000 car to beyond 17,000, and a 40,000 house possibly over 170,000 by 2001.
Also Mentioned on This Page
Hidalgo County
Lordsburg
Lordsburg and
Animal Valley Feed and Grain
Chamber of Commerce
Jack Morgan
Farmers’ Newsline
Washington
Department OF Agriculture Economics, Statistics, and Cooperatives Service
Redwing Levis
Wranglers Resistor Hats
Four Wheel
Miller Chevrolet
Saw-Way Grocery
And
Littendorf Steak House
Willie Upshaw
Pat's Steak House
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