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1986 US commodity program cuts farm acreage and loan rates
Washington AP reports Agriculture Secretary Block unveils the 1986 commodity program under the 1985 farm bill. The plan lowers loan rates for wheat corn barley oats sorghum and sets large acreage idling and paid diversion shares to reduce production while freezing target prices for two years. A dairy buy out begins April 1 with a five year moratorium on dairying for participating farmers.
MENTIONED IN THIS ARTICLE
Washington
Agriculture
John R. Block
U.S
Black
Congress
Reagan
Agriculture Department
Block