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USDA Sets Initial Crop Price Supports for 1977
The Agriculture Department tentatively fixes 1977 target prices for wheat at 2.53 a bushel, corn 1.74, and cotton 0.49 per pound, with final figures due in February. The loan rates are 2.25 a bushel for wheat, 1.50 for corn, and about 42.6 cents a pound for cotton, with deficiency payments possible if market prices fall below targets.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
USDA
Secretary of Agriculture