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Newspaper
Norwalk Reflector
Location
Norwalk, Ohio, United States of America
Date
Jan 02, 1971
Page
6
Washington sources report 1970 U.S. farm net income slipped amid inflation drought and hog price drops. Despite a new farm support bill signed Nov 30, 1970, aimed at shifting crop choices and tying payments to market prices, farmers face higher costs and potential income declines in early 1971.
At 6 a.m. in two degree cold, Norwalk area youths feed and water horses at the Huron County Fairgrounds. 4-H members and the Norwalk Riding Club use the barns and pavilion show ring, sharing duties and warmth as they exercise ponies and quarter horses before school.
Washington officials say Vietnam veterans seeking FHA farm mortgages will gain the same priority status as WWII and Korean War veterans. The bill raises the FHA farm loan ceiling from 60 000 to 100 000 dollars and could lift average loan size from about 24 000 to 30 000 dollars as funds permit.
Agricultural leaders legislators and environmentalists discuss a new federal farm program. Signups allow flexible corn and wheat acreage with base and allotment rules and potential substitutions. Some see benefits for industry and labor while conservationists fear cuts to soil programs and ACP changes. Early choices on corn soybean acreages varieties and fertilizer are advised to ease planting delays.
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