Clinton News-Record, 1977-10-13, Page 9Jack's Jottings.......
continued from page 8
after Aug-6st 31, 1978, Proof of
sales, dated and completed
must be submitted by each
producer to the Commission.
Participants who have
purchased corn or corn
equivalents must also report
these transactions. The
Commission will then
calculate the eligible product
by using the appropriate
moisture conversion factors
and by subtracting any
purchase of corn grains or
prepared feeds converted to
corn equivalents. This plan
covers net sales only and does
not cover corn sold by corn
dealers.
I trust farmers are aware
that there will be'a deficiency
payment -to corn producers of
six cents a bushel on grain
corn crop sold between
September 1, 1976 and August
31, 1977. The payment is
based on dry shelled corn,
basis 15.5 percent moisture.
Sales of cob corn and shelled
corn at high moisture levels
will be converted to the dry
shelled basis.
The support level for the
1976 corn crop under the
Agricultural Stabilization Act
was announced in April at
$2.18 per bushel'.4The national
weighted average price
during .the crop year was
$2.12 per bushel. The dif-
ference between the support
price and the average market
price is the amount of the
stabilization payment.
Corn producers should
apply to the Agricultural
Stabilization Board in Ottawa
for their stabilization
payment.. Claim forms will be
available from, Federal and
Provincial, District
Agricultural Offices by mid
October.
Stabilization payments will
be made on all legitimate
sales of grain corn .through
the normal commercial
system such as sales to
elevators,' feed mills,
gran
dealers and commercial end
users, such as starch com-
panies, distillers, feedlots and
other livestock and poultry._
feeding operations. Sales of
seed corn and silage are not
eligible for support.
Producers must submit
satisfactory documentation
of their corn sales, showing
the name of the buyer and
seller, date of sale, date and
location of delivery, quantity
sold, moisture content and
price. In determining the date
of sale the Stabilization Board
will consider' both the date of
„sosior'
•
CI INTON NEWS-RI:COP!), THURSDAY, OCTOBER 13, 1977—PAGE 9
delivery and when title to the operation. crop later in the season when
grain actually changed This year the farmers will prices are usually higher than
hands. record their sales in bushels at harvest time.
Individual producers may on the application form, while The legislation is id -
claim stabilization payment next year, in keeping with ministered by Agriculture
on up to 39,000 bushel of corn metric conversion, the Canada's Grains and Special
sales with the first 400 bushel records will he done on, a Crops Division. Under the
being deducted from each tonne basis. Act, producer groups can
c I li m , As in other 1 think farmers should also apply for loans in order to
stabilization programs he aware of relatively new make advance payments to
legitimate partnerships may Federal legislation known as producers who store their
he able to claim for additional the Advance Payments for crop at harvest time and sell
eligibility if the individual Crops Act, This Act is aimed it at a later date.
partners can show separate at. evening out marketings
and distinct investment, over the storage life of a crop
labour, management and and ,giving farmers the
profit-sharing in their joint chance td sell part of their
Walk. away your excess
calories. It's the cheapest.
safest Corm of exercise.
and all
•
earty appetites!
c:k575fY
4
0
4
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We reserve the right to limit quantities to
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.744,
43
..r, 00:4;i:44,P4P"Sts
'