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Newspaper
Sidney Telegraph
Location
Sidney, Nebraska, United States of America
Date
Apr 24, 1961
Page
2
Cheyenne County voters learn of increased yields and payment rates in the Feed Grain Program. The Nebraska ASC State Committee raised dryland grain sorghum yields by 33 bushels to 212 and boosted 50 percent and 60 percent payments to 10.40 and 12.50 per acre respectively. Irrigated sorghum yields rose 39 bushels to 58.5 with payments up to 28.70 and 34.40 per acre.
Nebraska wool and unshorn lamb producers are urged to file complete net proceeds records for the 1960 marketing year by May at the county ASC office. Eligible growers for payments include wool and lamb sales through March 31, with summer payments after average prices are calculated. In 1959, 5805 sheep growers received 645,933.6l and 3572 lamb growers received 182,002.06 after deductions for a marketing effort fund.
Farmers now may borrow up to 95 percent of the outlay for farm storage facilities costing 40 cents per bushel or less under the government loan plan. For higher-cost facilities the loan up to 50 cents per bushel capacity or 80 percent of cost, whichever is greater, with 4 percent interest and terms of five years for storage loans and three years for equipment loans.
The article promotes reseal and storage loans to assist small farmers with financing farm storage structures. It explains 2 years of storage payments on 1960 crop resealed price support loans for wheat, corn, and grain sorghums and notes that payments on other crops under 1 year reseal will help farmers cover storage costs by keeping grains under price-support loans after loan maturities.
Farmers enrolling in the 1961 feed grain program must divert a conservation-use acreage equal to their corn or grain sorghum acreage. The diverted land earns a special payment and qualifies the farmer for price support on their normal 1961 crop yields, plus support for barley oats and rye. Conservation uses include rotation, cover crops, water storage, wildlife habitat, trees, summer fallow, and natural cover. Grazing is prohibited after April 15 and inspections require weed and pest control.
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