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Here's Summary of Farm Bill; How Does It Affect You? THE AGRICULTURAL ACT of 1949 makes price supports manda tory for the "basic" commodities— wheat, com, cotton, rice, tobacco and peanuts—and for certain designated nonbasic commodities—wool, mo hair, tung nuts, honey, Irish pota toes, milk, butterfat and the prod ucts of milk and butterfat. Price support is permissive for other nonbasic commodities at the discretion of the secretary of agri culture. Dual Parity System A major feature of the agricul tural act of 1949 is the application Parity Prices Compared Old and New Formulas Old New Beef Cattle (Cwt.) $13 $17 Wheat . Milk (Cwt.) ... Butterfat (lb.) . Wool (lb.) Potatoes (Bu.) Hogs (Cwt.) ... Eggs ..... Turkeys (lb.) .. Barley . .. 2.12 1.87 3.84 4.38 .631 .698 .439 .498 1.75 1.60 17.40 18.80 .516 455 .346 .362 1.49 1.21 of a dual parity system. The act sets up a new parity for mula using the 10-year moving aver age parity formula (average of the last 10 crop years) provided in the agricultural act of 1948 amended to INCLUDE WAGES paid hired help and to include wartime subsidies paid to producers under OPA. BUT until 1954 the old parity for mula (1909-1914 average, no allow ance for wages) MAY STILL AP PLY to all basic commodities. Until 1954 parity prices of the basic com modities are to be parity under ei ther the new or the old formulas, WHICHEVER IS THE HIGHER. Basic Crop Supports, (wheat, corn, cotton, rice, tobacco, peanuts) In 1950 supports will be 90 per cent of parity to co-operators (grow ers who do not knowingly exceed their allotments) if marketing quotas have not been disapproved and if either allotments or quotas are in ef fect. (Parity will be figured on ei ther the old or new formula, which ever is the higher. Present esti mates for wheat are that the old will be higher than the new—$2.14 a bushel as compared to $1.88.) Supports at 50 percent of parity will be available to growers who comply with acreage allotments if producers disapprove marketing quotas. In 1951 supports will be at 80 to 90 percent of parity (actual percent to be determined by the secretary of agriculture) if marketing quotas have not been disapproved and either allotments or quotas are in effect. Support will be 50 percent of parity to co-operators if quotas are disapproved. In 1952 and after, supports will be 75 to 90 percent of parity (new formula only after 1953). Com, wheat, rice supports will be 90 per cent of parity as long as supplies do not exceed 102 percent of normal. As supplies increase above 102 per cent they are to be reduced at the rate of 1 percent of parity level for each 2 percent increase of excess supply until they are 75 percent of parity for supplies more than 130 percent of normal. BUT support levels provided by the flexible schedules are mini mums. The secretary of agriculture MAY SET SUPPORT PRICES ABOVE these minimum levels up to a maximum of 90 percent of par ity if he desires. Wool (including mohair) — Price support for wool (including mohair) is to be established at such level between 60 and 90 percent of parity (calculated by the "new" formula) as the secretary of agriculture de termines is necessary to encourage an annual production of approxi mately 360,000,000 pounds of shorn wool. Tung nuts, honey, and Irish pota toes—The support level is between 60 and 90 percent of parity (as cal culated by the "new" formula.) Whole milk, butterfat, and the products of such commodities — Prices are to be supported at such levels between 75 and 90 percent of parity (as calculated by the "new" formula) as will assure an adequate supply. Such price support is to be provided through loans on, or pur chases of, the products of milk and butterfat. Other Nonbasic Commodities Price support for nonbasic agri cultural commodities, other than the designated commodities, is permis sive at any level not in excess of 90 percent of parity. In determining whether support will be provided for any nonbasic commodity, and im fixing the level of such support, the following factors are to be consid ered: (1) the supply of the commod ity in relation to the demand there for; (2) the price levels at which other commodities are being supi ported and, in the case of feed grains, the feed values of such grains in relation to corn; (3) the availabil ity of funds; (4) the perishability of the commodity; (5) the importance of the commodity to agriculture and the national economy; (6) the ability to dispose of stocks acquired through a price-support operation; (7) the need for offsetting temporary losses of export markets, and (8) the ability and willingness of pro ducers to keep supplies in line with demand. In determining the level of support for undesignated non basic commodities, particular con sideration must be given to the level of support for competing commodi ties. So far as feasible, price support is to be made available to co-oper ators on any storable nonbasic ag ricultural commodity for which a marketing quota or marketing agreement or order program is in effect at levels not in excess of 90 percent of parity and not less than the level between 75 and 90 percent of parity called for by a sliding scale set forth in the act. But the secretary of agriculture may provide for support at a lower level than that called for by the sliding scale if, after consideration of the eight factors listed above, he determines it to be desirable and proper. TO €> © POWER THE FAMILY FARM . 1 f ■ mm ■ -M ■f < 'M y < 'fcP'ss y&ij > t \ % A wm : ' ■t; y h ■ a| * -I. Ji \ aliii ■ wa ■ • U ■ % WJ * f / t: t. m , - <■ W: M m w ■ 4 •, WtM % X . || ? W ■J m : : m : S j; i m3 Mm % mm m m -, MÏ: ■■ ■'■■y -i: w .... |g|| m W A 'Æi - i s It is just as wasteful to over-power a job as to under power it. Here's a low-cost way to have the right-size tractor for the work to be done. Every farm has jobs the Allis-Chalmers Model G tractor will do better or at lower cost than any other kind of power. With it you have a line of quick-hitch, front-mounted im plements that enable you to grow a wider choice of crops than with any other tractor. Relieve your larger tractor of the many lighter jobs the Model G can do on quarts of fuel instead of gallons. During busy seasons, this extra power plant can prove "worth its weight in gold". for Any Size or Type farm Actually, the rear-engine Model G is now used for all kinds of farm work—on all kinds of crops-on all sizes of farms. In one general farming community, for example, more than 150 owners now use Model G tractors. They mow with a field-weight, 5-foot mower ... plant row crops in any row spacing from 10 inches up. On many farms, these two jobs alone—-mowing and planting—more than justify investment in the tractor. For all jobs on some farms... for some jobs on all farms to completely power your farm, own the # • • m f (ULISCHflLMERS ■ TRACTOR DIVISION • MILWAUKEE I, U. S. A. 5P