Fertilizer Supply Seen Keeping Prices Stable at MU
Columbia Missouri farmers may face steady costs as Norlin Hein of the University of Missouri at Columbia says fertilizer supplies are ample and prices are not expected to increase.
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Newspaper
Mexico Ledger
Location
Mexico, Missouri, United States of America
Date
Jan 13, 1977
Page
3
Columbia Missouri farmers may face steady costs as Norlin Hein of the University of Missouri at Columbia says fertilizer supplies are ample and prices are not expected to increase.
Mary Bosler, Audrain County ASC director, says the incentive price for shorn wool remains 72 cents per pound for 1976 sales with payments based on a percentage of producer returns. Producers who marketed wool in 1976 or 1977 must submit evidence and apply by January 31 of the following year. The article also notes fertilizer production capacity rising, potential natural gas price shifts, and a generally favorable but cautious outlook for nitrogen, phosphorus, and potassium fertilizers.
Washington expects major changes to crop disaster payments as Congress and the incoming Carter administration weigh reforms. USDA says aid applications are rising and could top 400 million dollars, but may fall short of 1974 857.1 million paid to 476,205 farmers.
Washington AP Candidates for the No 2 job at the Agriculture Department under Carter may be down to two names Michael R McLeod general counsel of the Senate Agriculture Committee is said to be the front runner but John White Texas Commissioner of Agriculture also has backing Some aides doubt McLeod has full Carter confidences Bergland designated secretary and will decide on the No 2 post Two other senior USDA posts will be filled and names of possible top aides include Dr Charles R Sayre and Dr Clifton Wharton Jr
A USDA Economic Research Service projection based on a no major changes extension of farm policy foresees large wheat surpluses over the next four years. The model assumes normal weather and steady exports, with corn and other grains building up then easing by 1981 82.
Washington AP senior Agriculture Department official says world grain stocks will rise by next summer but remain below 1969 levels. He notes population and per capita demand have grown, so supplies of wheat corn and other grains plus rice will cover only about 13 percent of this year’s consumption, far below 20 percent in 1969. Bell spoke at a management conference in Longboat Key, Florida.
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