Deadlines Set for Government Commodity Loans and Purchases
Hidalgo County ASCS chair Harry Turner explains that 1977 barley oats rye and wheat loans or purchase agreements must be signed by March 31 1978 while 1977 corn sorghum and soybeans have a May 31 1978 deadline. Loans run nine months with options to take cash now place in reserve sell before maturity or transfer to CCC. Current CCC loan levels per bushel include wheat 2.24 barley 1.70 and corn 2.18 with oats 1.20 rye 1.67 and sorghum 1.90 per cwt and interest at 6 percent.
MENTIONED IN THIS ARTICLE
Harry Turner
Hidalgo County
ASC
Turner
CCC
Crop Survey Underway In New Mexico For Planting Intentions
The New Mexico Crop and Livestock Reporting Service conducts a mailed two week survey of crop farmers to gather planting intentions for the national Prospective Plantings Report due April 13 in Washington DC. The effort aims to help growers adjust acreage before spring planting ends. Gordon B Hoff of Las Cruces retires after 30 years at NMSU noted for his work across crops soils and weed control.
MENTIONED IN THIS ARTICLE
New Mexico
Joe D. Herman
Gordon B. Hoff
Las Cruces
New Mexico State University
Gordon
Irv Skelton
NMSU
Hoff
Fort Collins
Colo
Colorado State University
University of Nebraska
Price Support Loan Activity Increases Farmers
USDA ASCS official Grant Buntrock notes 1977 price support loans rise sharply with wheat under loan about 495 million bushels vs 226 million in 1976. Corn loans up about 4.12 times. soybeans show substantial activity. Loans run nine months at 6 percent interest and require acreage certification and loan application at local ASCS offices.
MENTIONED IN THIS ARTICLE
Grant Buntrock
USDA
Agricultural Stabilization and Conservation Service
ASCA
Buntrock
ASCS
Set-Aside Compliance Rules Relax for Multi-Farm Producers
Hidalgo County ASC official Sue Richardson explains a changed rule allowing producers with multiple farms to plant set-aside crops on participating farms while other nonparticipating farms stay within normal crop acreage. Eligible farmers may receive benefits on compliant farms. NCA ceilings apply to nonparticipating farms. NCA crops listed include barley, corn, sorghum, rice, wheat, cotton, oats, soybeans, flax, beans, sunflowers, sugarbeets, and sugarcane. The change aims to boost participation in the program.
MENTIONED IN THIS ARTICLE
Sue Richardson
Hidalgo County
ASCS
Sue
Wheat Outlook for New Mexico 1977 Crop Totals
New Mexico Crop and Livestock Reporting Service estimates the 1977 all wheat crop at 9,137,000 bushels, a 34 percent rise from 6,825,000 bushels in 1976. The 1977 state yield averages 21.5 bushels per acre. Irrigated grain harvest reaches 127,100 acres, 30 percent of total. Irrigated wheat production is 5,477,400 bushels, 60 percent of total production.
MENTIONED IN THIS ARTICLE
New Mexico
Also Mentioned on This Page
U.S. Department of Agriculture
Commodity Credit Corportion
Agronomist
Jim Wilborn
S.C.S
Jim Culberson
Ponderosa
Pentel
Lordsburg
Propane
EAS
Dockum Distributing Co
Exxon Products
Atlas Products
W. Railroad Ave
West Lordsburg
B.M. Kimbley, Inc
Shell Products
East Railroad
Shell Service Center
N.M
Chevron
E.j.short & Son, Inc
PENN
Lorodsburg
Ritter Walker
Distributors of
Bivens Lumber
Duncan
Bivens
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