The Sauk Centre herald., 1938-08-18
Many Growers Take
Advantage of Program
Offered By Government
MATURE MAY 81, 1889
Stearns County Average
About 67c Per Bushel
On S1.OO Wheat

Since the loan value of wheat at
the present time is higher than the
cash price of wheat, a number of
growers are showing their interest
in taking advantage of the wheat
loan program as offered through
the county agricultural conservation
committee located in the county
agents office at St. Cloud. In other
words a number of these growers
will reason that with the loan pro-
gram in effect they have everything
to gain and little to lose by putting
loan on their wheat. Loan values
in this county will probably average
about &c a bushel for 81 wheat.
For this program wheat can be
stored in satisfactory bins or gran
aries on farms or may be stored
in a terminal elevator. The loans
will mature on May 81, 1889, when
stored on farms. If stored in ele-
vators they will mature in seven
months from the date of execution.
For repayment the plan is similar
to the one adopted for corn loans
in southern Minnesota in time past.
If for example, loan is made now
on the basis of Csc a bushel on
wheat stored in farmers granary
and on the maturity date of the
loan, May 81, wheat would be only
60c bushel, the wheat grower can
choose to deliver his wheat to the
elevator and his note will be paid
in full with interest. He likewise
will receive check from the Com
modify Credit Corporation for &c a
bushel because of the fact that he
stored the grain on his own farm
rather than storing it in terminal
elevator. Wheat delivered in this
| way must, of course, be of the same
grade and quality as the wheat on
which the loans was made. Farm
ers may have several bins Of wheat
IN one granary on which they may
wish to make loan. Separate loans
will be made on each of these bins
and seals put on them separately.
If the wheat grower then decides to
liquidate these loans separately he
may choose to do so.
The requirement that wheat be
threshed thirty days before the sam
pie is taken and the seal is placed
on the bin will require that in most
cases bin inspections be held up
yet for about week as very little
| wheat in the county has been
threshed thirty days. Growers in
terested in taking advantage of the
loan program should communicate
with the county agents office, st.
Cloud.
Winter wheat production has in
creased to considerable extent in
Stearns county during the last few
years according to the county
agents office, st. Cloud. That be-
ing the case winter wheat growers
interested in the wheat crop insur-
ance program are urged to take ad-
vantage of the insurance measure
before August 31st. At that time
all applications for winter wheat
! insurance must be in the hands OF
the county agricultural conservation
office at st. Cloud. Winter wheat
] growers interested in taking advan-
tage of the crop insurance program
are urged to contact Francis j.
Rooney, county crop insurance sup
ervisor, or visit the county agents
office at st. Cloud where they will
be assisted in making out their ap-
plication and given figures as to
what the cost of the insurance will
be. So far in Stearns county more
than $50 farmers have signed ap-
plications for the wheat insurance.
This insurance will average in cost
approximately IA bushels per acre
and will insure the crop to the ex-
tent of Is percent Of an average
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