Dit-Umastof F«n,ir t , s.tu>d.,, lyaMjii Wheat eligible for immediate entr
WASHINGTON, D.C. - On July
23, President Ronald Reagan
signed into law legislation
repealing an interest waiver on
1981-crop wheat placed into the
farmer-owned grain reserve,
according to Secretary of
Agriculture John R. Block.
The bill also extends the date for
conducting the 1982-crop wheat
referendum from August 1 until
October 15, Block said.
“As I have said previously,
USDA revises policy (or
identifying problem meat plants
NEW YORK, N.Y. - The U.S.
Department of Agriculture will no
longer designate federally
inspected meat and poultry plants
as “problem” or “chronic
problem,” according to Donald L.
Houston, administrator of USDA’s
Food Safety and Inspection Ser
vice.
Houston said USDA is taking this
action because there are other
enforcement actions available that
are sufficient to enforce inspection
regulations. The other actions
include regular reviews by federal
meat and poultry inspectors and
withdrawing inspection service
“USDA will continue to un
dertake legal proceedings in those
few instances where normal
controls cannot achieve com
pliance with inspection
regulations,” Houston said
Primary responsibility for in
plant enforcement lies with the
inspector regularly assigned to
each of the 7,000 meat and poultry
plants.
“In addition, USDA compliance
officers conduct nationwide
reviews which will continue under
the policy change,” Houston said.
■ • They are designed to measure the
likelihood of individual plants
distributing adultered or
misbranded products and assess
LEBANON AREA FAIR
August 10 thru August 15
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Prices Good
Till
',t3l
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New Scorpion 440 Whip
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LEBANON VALLEY IMPLEMENT CO. INC.
Richland, PA
President signs repeal of interest waiver
repeal of the interest waiver clears
the way for immediate entry of
1981-crop wheat into the reserve,"
Block said. “Therefore, farmers
who place their 1981-crop wheat
under Commodity Credit Cor
poration loan may enter the wheat
immediately into the reserve. ’ ’
Producers placing wheat in the
reserve will receive annual
storage payments of 26% cents per
bushel, payable in advance, Block
said. While interest on the loan will
the overall effectiveness and
uniformity ot inspection programs
nationwide.”
A notice concerning the revised
procedures was published in the
July 28 Federal Register, available
in many public libraries.
Livestock and outdoor exhibits are only a small part of the
sights to be seen at the Lebanon Fair. Clothing, afghans,
quilts and other handicrafts will be on display in the buildings
located on the fairgrounds.
See Us At The
Lebanon Fair
SALE *1,375.00
SALE *1,650.00
SALE $ 1 ,350*00
Ph. 717-866-7518
BO tIIIOiOIIIMI
be charged during the first year
the wheat is in the reserve, interest
will be waived during the second
and subsequent years of the
reserve loan program, Block said.
The current CCC loan interest rate
is 14% percent.
Under this program, farmers
agree to keep their wheat in
reserve until the national 5-day
moving average market price for
wheat is at or above the reserve
trigger release level of $4.65 per
bushel, or until the 3-year reserve
loan matures. When the release
level is triggered, farmers may
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See Us At The
LEBANON AREA
FAIR
AUG. 10-15
WE DO ALL TYPES OF INSTALLATIONS - PARLORS, ETC.
CLYDE C. LUTZ
1316 Apple Street. Ephrata. PA 17522
717-738-1718 or answering service 733-1224
take their grain out of the reserve
without penalty.
If the market price continues
above the trigger release level
after the initial release period (the
remainder of the month in which
release is triggered plus one ad
ditional month), farmers will stop
earning storage payments. In
terest charges, if previously
stopped, will resume.
Although the call level for 1981-
crop wheat is also $4.65 per bushel,
Block said that only under an
“extreme emergency” would he
require farmers to take their gram
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out of the reserve when the call
level is reached.
Earlier crop wheat now in other
farmer-held reserves may be
transferred into this new wheat
reserve. Block said. Wheat in these
older loans may not be held in the
reserve for more than five years
from the date the commodity was
first placed in reserve, he said.
Current legislation provides that
the maximum number of bushels
of wheat in all farmer-held reserve
at any one time is 700 million
bushels. As of July 1, reserve
wheat totaled 360 million bushels.
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