156 



GENERAL FARM PROGRAM 



Exhibit C 



Specified commodities: Estimated alternative support standards for 1950 based on 

 parity \index for Mar. 15, 1949, and estimated average prices received by farmers, 

 1940-49 



[Work table: Illustrative calculations only; shows probable relative differences for 1950] 



Commodity (grouped according to 

 present legislation) 



Basic commodities: 



Wheat 



Corn 



Cotton 



Rice 



Peanuts 



Tobacco: 



Flue-cured 



Burley 



Specified Steagall commodities:' 



Butterfat 



Milk, wholesale 



Hogs 



Eggs 



Chickens 



Flaxseed 



Soybeans 



Beans, dry, edible. 



Potatoes 



Other commodities: 

 Beef cattle 



Lambs... 



Oats 



Barley... 

 Apples... 

 Wool... 

 Oranges. 



Unit 



Bushel. 



do.. 



Pound . 

 Bushel. 

 Pound. 



do.. 



do.. 



do... 



Hundred- 

 weight. 



do.... 



Dozen 



Pound . . . 



Bushel 



do... 



Hundred- 

 weight. 



Bushel 



Hundred- 

 weight. 



do.... 



Bushel. -- 



do.... 



do-... 



Pound... 

 Box 



Income 



support 



standard 1 



(I) 



$1.88 

 1.46 

 .2799 

 2.26 

 .0945 



.492 

 .496 



.669 

 4.22 



19.00 



.458 

 .290 



4.30 



2.54 

 .845 



1.59 



16.90 



18.40 

 .825 



1.22 



2.61 

 .498 



1.96 



)0 percent 

 current 

 parity 



(2) 



$1.95 

 1.42 



.2745 

 1.80 



.106 



.406 

 .393 



.582 

 3.55 



16.10 

 .476 

 .252 



3.74 



2.12 



7.46 



1.62 



12.00 



13.00 

 .884 



1.37 



2.12 

 .405 



3.32 



Support range— title II, Agri- 

 cultural Act of 1948 2 



60 per- 

 cent 



(3) 



$1. 24 

 .90 

 .1739 

 1.31 

 .0672 



72 per- 

 cent 



(4) 



$1. 48 

 1.08 



.2087 

 1.58 



.0806 



Not more than. 

 do 



.do. 

 .do. 

 .do. 

 do. 

 .do. 

 .do. 



1.16 I 



Not more than 



do. 



do... 



do 



do 



.289 1 



Not more than. 



90 per- 

 cent 



(5) 



$1.85 

 1.35 

 .2608 

 1.97 

 .101 



.429 

 .434 



.584 

 3.70 



16.60 

 .453 

 .252 



3.74 



2.21 



7.37 



1.74 



14.80 



16.00 

 .840 



1.30 



2.28 

 .434 



3.10 



■ 1940-49 average prices times 1.25. Prices for 1949 estimated basis current prices and announced or manda- 

 tory support levels for 1949. 



fcii- Based on parity revisions title II Agricultural Act of 1948 including transitional parity prices which are 

 95 percent of present parity. Transitional parity prices are for wheat, corn, cotton, peanuts, eggs, oats, 

 barley, and oranges. 



s Sweetpotatoes, dry field peas, American-Egyptian cotton, and turkeys are also Steagall commodities. 



Exhibit D 



Selected list of commodities showing quaniity equivalent to 1 unit (10 bushels corn) 

 valued at income support standard prices 



