B—Lancaster Farming, Saturday, January 3, 1959
$3y 2 Billion of Farm
- # * . _ posal method, accounting for
Surplus Consumed in 58 SSSZ
tions during the 16-month
Disposal of surplus farm products from Commodity peno( j i j u i y i 1957-Oct. 31,
Credit Corporation stocks continued at a high rate during 1953.
1958, the U. S Department of Agriculture reported today As one means of stiraula
in a year-end summary of inventory operations ting export sales for dollars,
Commodities costing $3,459,000,000 were moved into CCC has sold to exporters on
c nsumption during the 12-month period that ended June credit for periods „of up to
: 0 1958. In addition, products costing $748 million were 36 months Credit sates ap-
of in the four months July!-Ocl 31, ISSS, bring. “f mli .
mg the 16-month total to $4,206,000,000. j lon ✓
Among the commodities
moved out of inventory dur
ing the 16-month period were
upland cotton, having a cost
value of $1,482,000,000; corn
land other feed grains, $856
million; wheat and flour, $683
million; and dairy products,
$519 million
The department pointed
out, however, that inventor
des remained at high levels
despite the brisk disposal act-
ivity Actually, the out-move
ment of commodities was a
little more than offset by th 6
acquisition of “new” produ
cts under price support pro
gram
In terms of cost value,
CCC’s price support inven
tory increased from $5,372,
000,000 on July 1, 1957, to
$5,576,000,0000 on Oct 31,
1958
Of the $4,207,000,000 wor-
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th of commodities moved out Although the emphasis has
of stockpiles in the 16-month been on dollar sales, other
period, CCC’s proceeds were types of outlets also are used
$2,956,000,000 —a return of Sales under Title I. Public
70 cents on the dolar. The Law 4 go accounted for $594
difference between cost val- m jiii on 0 r 14 per-cent 0 f to
ue and proceeds —51,251,000 j a j commodity disposals dur
000— represented a loss to ing the is-month period.
C-CC Public Law 480 permits na-
Other expenses and char- tions lacking dollars to pur
ges brought CCC's total net chase American farm pro
realized loss on the price sup- ducts with their own cur
port program in the 16-mon- rencies.
th period to $1,245,000,000 commodities costing $214
Direct price support acti- million, or 5 per cent of the
vities of the Commodity disposal total, were bartered
Credit Corporation represent during the 16 months that en
only part of the Department ded Oct 31 Cotton, wheat,
of Agriculture’s overall pro- corn, and other feed grains
gram for stabilization of farm were the principal commodi
pnees and income. The pro- ties bartered during the per
gram as a whole also includes icd 1
National Wool Act pay. Among the strategic and
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j 211 NORTH ANN STREET LANCASTER, PA,
i PHONE EX 3-3694
Under the Department’s
coordinated «sales program
for CCC inventory commodi
ties, sales dollars continued
to be the most important dis-
Two Billion School Lunches
Served In 1958, USDA Says
Two billion lunches were served to about 12 million
children 30 per cent of total school enrollment undoi
the National School Lunch Program in 1958, the U S. Do
partment of Agriculture announced today Nearly 60,00 u
schools participated in the program.
Most of the food used in in cooperation with the Stn
those lunches was purchased tes and Territories, pay near
from local producers and ly $5OO million a year foi
suppliers. During the last their lunches It, is estimated
fiscal year, local purchases that State and local govern
were estimated at more than ment contribute about $BO
$4OO million worth of food, n lion to the progra n, and
First reports for the new
school year to USDA’s Agri
cultural 'Marketing Service
indicate that the value of such
purchases will be still high
er in 1958-59.
Children participating in
the National School Lunch
Program, which is earned out
critical materials acquired
through barter were lead,
zinc, industrial diamonds, „
ferromanganeese, and chrome
metal
[■"■■■— “"fj-" I
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■ • Shaver Star Cross S
\ 288 Leghorns ■
S • Vantress Arbor Acre ■
S Broiler Chicks 5
S Broiler Chicks Still Available in January 5
| Greider Leghorn Farms, inc. [
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GET THE IGW-COST METAItS TODAY!
Alien H. Matz
Phone AN 7-6502
Sauder Bros
New Holland
Phone EL 4.8721
Conestoga
Farm Service , Haverstick Bros.
Park Av«., Quarryville Columbia Pilco/ Lancaster
Phone ST- 6-2597 Phone- EX 2-5722
USDA has appropriated
$93 million from appropria
ted funds to the Slates as a
contribution to operation ol
the program, and about $5O
million is available for buy
ing foods specifically for use
in school lunches Commodi
ties valued at about $75 mil
lion, acquired through price
..support and surplus-removal
programs, also are being do
nated to schools this year.
Denver
other contributors add about
$.90 million more
Elizabethtown
Farmers Supply Inc.
Elizabethtown
•iPhone EM 7-1341