:jl 



FARM FRONT ROUNDUP 



CORN LOikN BATE — as d 



Dec. 1, 1943, Commodity Credit Cor- 

 poration was authorized to lend 

 farmers, who have met 90 per cent 

 of their war crop goals in desig- 

 nated com belt counties, 81 to 97 

 cents per bushel on 1943-crop com. 

 Last year the loan rate was 73 to 

 89 cents a bushel conditioned upon 

 comphance with acreage allotments. 

 The rate is based on 85 per cent of 

 parity as of Sept. 15, 1943, U. S. 

 parity on that date was $1.06 a 

 bushel as compared with 98.2 cents 

 on that date last year. Loan rates 

 in the com belt counties are based 

 upon freight differentials from aver- 

 age shipping points within the area 

 to the terminal markets to which 

 com would normally flow. 



OPA MEAT RULES — Accord 

 ing to the Chicago office of the 

 OPA, a farmer who produces live- 

 stock and slaughters for his own use 

 may lend to a neighbor meat-pro- 

 ducer not to exceed more than 400 

 pounds of beef and veal together, 

 and 1 50 pounds of any other meat in 

 any one calendar year. Farmers 

 are not required to surrender points 

 when such loans are made and re- 

 paid. The borrower must return the 

 loan of meat within six months, or 

 an amount of meat of equal pioint 

 value. This same office also has 

 explained that a consumer may sur- 

 render stamps that are not yet valid 

 when acquiring meat from a farm 

 slaughterer. WFA has temporarily 

 lifted all restrictions on the amount 

 of pork which a farmer may deliver 

 to persons living off his farm, but 

 he must collect ration points for such 

 pork sold. All points collected are 

 to be surrendered to the ration 

 board. 



DRAFT REGULATION - ac 



cording to State Selective Service 

 headquarters, pre-Pearl Harbor fa- 

 thers with agricultural experience or 

 background, but not now employed 

 in agricultural work, may be classi- 

 fied III-C if they begin work before 

 their induction notice is mailed to 

 them. Selective Service recently 

 made a recommendation that local 



draft boards permit men with agri- 

 cultural backgroiind to move to ag- 

 ricultiiral employment with a suf- 

 ficient number of war units and 

 defer them because of this type of 

 work. 



SUBSIDY EXTENSION — con- 



gress, just before it recessed until 

 Ian. 10, voted a temporary continu- 

 ance of food subsidies and the Com- 

 modity Credit Corporation until Feb. 

 17. E)ebate on this vital issue will 

 be resumed at that time. 



ther pointed out that consumers and 

 distributors should order and accept 

 delivery as soon as possible. 



COPPER SULPHATE — wfa 



has been assured by the WPB that 

 sufficient copper for producing cop- 

 per sulphate to protect 1944 food 

 crops from bacterial and fungios dis- 

 eases will be available. It is fur- 



FERTILIZER PRICES — lo sim 



plify its, fertilizer price regulation, 

 OPA has set dollars-and-cents mcod- 

 mujn prices for every grade of 

 mixed fertilizer, superphosphate and 

 potash whose manufacture and sale 

 is permitted by WFA. Ceilings are 

 maintained approximately at the 

 same average level as those which 

 prevailed during the base pricing 

 period in February, 1942. 



FLOUR SUBSIDY — a subsidy 



program to enable wheat flour mill- 

 ers to pay as high as parity prices 



Prices of Farm Products 



Arerog* U.S. Parity price Highest price 

 iana price Not. 15, Ian. 1 to Sept. 15, 



PRODUCT Not. 15. 1943 1943 1942 



Wheat (bu.) $1.37 $ 1.48 $ \M 



Com (bu.) 1J» \Xn .83 



Oat« (bu.) .7S .67 J2 



Soybeans (bu.) \M 1.60 1.79 



Eggs (dot) .4? JO .35 



Chickens (lb.) .24 .19 M 



Butteriat (lb.) M .47 .43 



Milk (100 lb.) 3J7 2.94 2.64 



WeoL ar. aU grades (lb.) :41 .31 .40 



Lambs (cwt) UJO 9J2 12J)7 



Hogs (cwt.) \1M 12.10 14.13 



Veal colTee (cwt.) 1170 11.30 13JJ0 



Beef catUe, or. aU grades (cwt.) II JO 9J)5 11.30 



(Below are Chicago market prices) 



Choice and prime steers $15.93 $16.92 $15.82 



Good steers (cwt) 14J3 14.66 14.92 



Medium steers (cwt.) 9 12.81 12.13 13.42 



Common steers (cwt.) 10.40 9.77 11.45 



Heiiers, good and choice (cwL) 14.52 13.67 14.16 



Notes concerning price ceilings: The Emergency Price Control Act as amended 

 October 2, 1942, proTides that "no maximum price shcdl be established or main- 

 tained for any agricultural commodity . . . below a price which will reflect to 

 producers . . . the higher oi the following prices — (1) the parity price ... or 

 (2) the highest price receiTed . . . between January 1, 1942 and September 15. 

 1942." Under this low no legal price ceiling can be established which will prerent 

 fanners as a whole from receiving an average return as high as the higher of the 

 prices in the two coliunns at the right above. Price ceilings have been estab- 

 li^ed for many farm products. Your County or Local Price and Rationing Board 

 should be able to furnish accurate information regarding local price ceilings on 

 these products. 



\ lAA Department of Research and Taxation 



December 20, 1943 



r 



1.' 





10 



L A. A. RECORD 



_ at--,''.i^lk^- ■, .a- :.i*^ 



