Al6—Lancaster Farming, Saturday, May 30,1911
Elevator task force reports tentative findings
WASHINGTON, D.C. - Ten
tative findings of the U.S.
Department of Agriculture’s
elevator task force executive
committee were presented to the
Senate Judiciary Committee on
May 18 by Ray Lett, executive
WASHINGTON, D.C. - The
nation’s winter wheat crop is
expected to be another bin buster.
The USDA’s Crop Reporting
Board puts the expected harvest at
just above 2 billion bushels.
The anticipated harvest of 2.08
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assistant to Agriculture Secretary
John R. Block.
Lett, who chairs the committee
formed last February, said the
approach to problems of gram
elevator bankruptcies should in
Winter wheat crop is bin buster
billion bushels would be 10 percent
higher than last year’s crop and up
some 30 percent from the total
harvested in 1979.
It would be a record high crop for
the second straight year.
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volve efforts by both the federal
and state governments.
He ruled out establishing a new
federal agency and also said
revision of federal bankruptcy
laws would not be a total answer.
Two reasons are accounting for
the expected bumper harvest,
according to the USDA. The total
of harvested acreage is higher and
the yields per acre are seen at
near-record levels.
Winter wheat acreage is set at
57.8 million, a sizable increase
from the 51.5 million acres har
vested last year and a substantial
jump from the 43.4 million acres
cut in 1979.
The 57.8 million acres for 1981 is
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“These laws are aimed .at
solving the problem after it hap
pens,” he said. “We’re con
centrating more on preventing it in
the first place.”
Options being considered are:
—more active USDA in-
the largest number of acres in
winter wheat since records started
being kept back in 1929.
The yields per acre are expected
to range from 20 bushels in the arid
sections of New Mexico to 76
bushels in the irrigated areas of
Arizona and California. The
national average is expected to be
36 bushels per acre. At that level, it
would be the third highest on
record, below only the 36.9 bushel
average of 1979 and last year’s
average of 36.8 bushels.
P.L ROHRER & BRO., INC.
SMOKETOWN, PA
volvement when bankruptcies are
threatened;
—amending the Commodity
Credit Corporation’s standards of
approval for warehouses to require
submission of an unqualified
financial statement prepared by
an independent certified public
accountant;
—increasing net worth and
performance bond requirements;
—requiring warehouses to be
licensed under the U.S. Warehouse
Act provisions or by a state which
has laws and regulations com
parable to the Act, as determined
by USDA’s Agricultural Marketing
Service; and
—focusing USDA attention on
areas where inadequate state
legislation or enforcement exists.
Lett said some options could be
handled administratively, while
other options would require new
legislation.
PH: 717-299-2571