The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1939-1949, 1943-07-15
D A Sets Up
Dates On Grain
Loan Program

The us. Department OF Agr1-
culture has recently announced the
1913 wheat, barley, and rye loan
program, according to information
received in the Benton County
AAA office.
Loans will be available on eli
gible wheat, barley, and rye pro-
duced in 1943 when stored in ap-
proved public warehouses or in
eligible farm storage structures
An eligible producer is any per-
son, partnership, association OF
corporation producing wheat, bar
ley or rye in 1943 as landlord, land
owner, or tenant with respect to
whose farm no deductions from
payments have been or will be
computed under the 1913 A.C.P.
for failure to meet 80 percent OF
the 1943 war crop goal. Loans on
eligible wheat, barley or rye will
bear interest at the rate of 3 per-
cent annum from date of disburse-
ment. ~
In the case of wheat, warehouse
storage loans will mature on de-
mand or April 80, 1914. Farm
storage loans will mature on de-
mand or April 80, 1945. However,
upon request, borrowers shall be
permitted to deliver their wheat to
C.C.C. in satisfaction of the loan
between April 80, 1914 and July
!, 1914 by securing approval of
the County Agricultural Conserva-
ton committee. When approved
by the county committee C.C.C.
will also accept delivery of 1913
wheat any time between July 1,
1914 and April 80, 1915, within a
30-day period after the producer
files written notice with the county
committee that he will be required
to relinquish possession of and
leave the premises either volun-
tarily or involuntarily and removal
of the wheat from the premises is
necessary as condition of sale OF
the premises, or in order that the
owner may complete leasing ar
engagements with a different ten
ant.
A farm storage allowance of sew
en- cents per bushel will be adj
vanced on all farm-stored wheat at
the time the loan is made. This
advance will be made only on the
net number of bushels placed un-
der loan. Detailed explanation of
how the farm storage allowance Of
seven cents per bushel may be
earned can be obtained by inquir-
ing at the county office. "
Loan rates on varieties of wheat
grown in this area, basis No. 1 are
as follows: Hard Federation, White
Federation, Bart, Bluestem grad
ing Hard White, $1.23 per bushel.
Soft White Excluding Rex SLIP,
Western White excluding Rex
S1.12. Soft or Western White Gin
Guiding Rex $1.08. Hard Winter
S1.12. Hard Winter 1870 protein or
over (plus other premiums for
over 1870 protein $1.20. The above
listed quotations are. on FOB basis
and does not include the farm
storage advance of seven cents per
buShel. " -1-'
The loan value for farm stored !
eligible rye grading No. 2 or bet
ter, or rye grading No. 8 solely on
test weight shall be rs cents per
and for No. 1 Barley the
loan value is 80 cents per bushel.
The same loan rate for these two
commodities will hold for grain
stored in a public warehouse pro-
viding evidence is submitted that
handling and storage charges have
been prepaid through the maturity
date of the note.
Loans are available on ware
grain Immediately
upon presentation of the warehouse
ticket to the AAA office. Farm
stored loans are available 80 days
after date of storage of the grain
on the farm.