WASHINGTON - The U.S.
Department of Agriculture will
make approximately $2.1 billion in
additional deficiency payments to
eligible producers of 1986-crop
wheat, barley and oats, a USDA
official said.
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Wheat, Barley, Oats Growers To Receive Deficiency Payments
Eligible wheat farmers will
receive about $2 billion, barley
producers about $55 million and
oat producers about $25 million in
additional deficiency payments for
this year’s crops, according to
Milton Hertz, administrator of the
& Tough Times...
H. PANEL WENGER
tMO. MC.
RD 1, Hamburg, Pa.
Ph: (215) 488-1025
fK.C. DAIRY SERVICE
RD 2. So, 2332
immr l g**A Mt. Bethel, Pa.
iJI/nilC f Ph: 717-897-5141
U.S. Department of Agriculture’s
Agricultural Stabilization and
Conservation Service.
Hertz said the additional
deficiency payments will be paid
50 percent in cash and 50 percent in
generic commodity certificates.
683 F
LONGACRE ELECTRICAL
SVC. MC.
Bally, Pa.
Ph: (215)845-2261
PEN W. HOSIETIER
RD 2, Annville, Pa.
Ph: (717)867-2896
Lancaster Fanning, Saturday, December 27,1986-821
The cash portion of the payments
is subject to a 4.3 percent reduction
in compliance with the sequester
order issued under the Balanced
Budget and Emergency Deficit
Control Act of 1985 (the Gramm-
Rudman-Hollings Act). Generic
commodity certificates are not
subject to the reduction.
About $1.4 billion in advance
deficiency payments has already
been paid to wheat producers, $l5O
million to barley producers and $l5
million to oat producers.
Deficiency payments are
required under the 1986 wheat,
barley and oat programs because
national weighted average market
Wheat Barley Oats
Target Price ($/bu) 4.38 2.60 1.60
Loan Level ($/bu) 2.40 1.95 1.23
5-Mo. Mkt. Price ($/bu) 2.32 1.54 .946
Def. Pyxnt. Rate ($/bu) 1.98 .65 .37
Advance Payment ($/bu) .915 .475 .225
The deficiency payments for all July 1987 if the national average
three crops are the maximum market prices received by
permitted by law. Eligible barley producers for the entire marketing
and oat producers will receive year for the two commodities are
additional deficiency payments in below basic loan rates.
New Product Protects Seeds
PEKIN, 111. - Trace Chemicals,
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planter box.
Kernel Guard contains diazinon,
lindane and captan. Diazinon and
lindane are insecticides to protect
germinating seeds and seedlings
against seed com maggots and
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prices received by producers
during the first five months (June
through October) of the marketing
year were below established target
price levels.
Deficiency payment rates are
determined by the difference
between the target price for each
commodity and either the national
weighted average market price for
each commodity from June
through October, or the national
announced loan rate for wheat and
the basic loan rates for barley and
oats, whichever is higher. Eligible
producers will be paid deficiency
payments at rates shown in the
table below.
wireworms. Captan gives added
fungicide protection against
seedling blight, dampening off, or
seed decay. Graphite is added to
help seed flow easily and evenly
from planter box. Marketing ef
forts are already under way.
For more information, write or
call: Trace Chemicals, Inc., P.O.
Box 518, Pekin, Illinois 61555, (309)
347-2184.
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/one \
I or both J
Overhang
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loors
or both
il Code.