Wheat Growers Remember Profits, Slow To Release This Year's Crop WASHINGTON (UPt) Wheat growers who remember how big profits escaped them when they sold their crops too soon in earlier years are slow in parting with grain from the record 1974 harvest now coming from the fields of the Great Plains, an official Bald Wednesday. Harvesting has been under way for weeks in the early* season part of the winter wheat belt in Texas, Oklahoma and parts of Kansas. But reports indicate that sales by farmers from the new crop in Kansas and perhaps other areas have been slow, Assistant Agriculture Secretary Clayton Yeutter said in an interview. "This certainly Wt unexpec ted," Yeutter said. "Those farmers remember what happened a couple of years ago. They sold their crop early (at relatively low prices) and then the Russian wheat deal came along and prices went up," he said. • This year It's different as farmers hold onto their crop and wait for prices to rise to levels they will regard as satisfactory. Yeutter said he's not surprised that many producers are betting there will be an increase. After peaking at over $6 a bushel early this year, prices slid for several months to about $3.25 before turning up reecent- ly, he noted. Also, recent crop progress reports have Indicated that while the total U.S. 1974 wheat harvest will be the biggest on record, It probably will fall short of the 2.2 billion level predicted earlier. An Agriculture Department report earlier this month lowered the estimate to about 2.1 billion bushels because of an 81-milllon bushel decline In winter wheat prospects. On top of that, Yeutter noted, farmers have seen reports Indicating that the overall production forecast could dip even more because spring wheat planting may not reach early expectations in Montana. Yeutter made no specific forecast on what would happen to wheat prices which are still far below the record levels of early this year. But he said that BOYD BROTHERS, INC. PRE-INVENTORY SPECIALS PATRICIAN RECEPTION FURNITURE Contempory Styling 30% DISCOUNT ^feW CAA CJ^S vAc e^te t^fe ^NV ^NW ^fc* ^F^^P^ 13 STEEL FILING CABINETS - Slight Freight Damage- 10% . 20% DISCOUNT BOYD BROTHERS, INC. 425 E. 15th St. PHONE 763-1741 although U.S. and world wheat reserves are at the lowest level in more than a quarter of a century, the move by some farmers to hold their grain creates no supply problems for consumers here or abroad. "The grain Is there on the farm. It's eligible for use when It's needed," the official said. One reason farmers can afford to hold on is that the government no longer has huge reserve stocks which can be sold at pre-set "release" levels which would keep an automatic lid on prices. And many farmers are not under much pressure to sell quickly because their income was high last year. For growers who want some interim income while awaiting sale of their wheat, government price support loans are available at $1.3? a bushel. Keyettes Name New Officers New officers of Rutherford High Keyettes were announced at the end of the year banquet. The 1974-75 officers are President, Donna Standifer; Vice-president Elaine Carter; secretary, Susan Matthews; and .treasurer, Jeannie Vickery. The chaplain is Jo-Ann Jackson; parliamentarian, Kathy Helms; ways and means, Tammy Tew; activities chairman, Denise Grimsley; school spirit, Marlene Williams; historian, Terry Barnes and publicity, Diane Zimmerman. Award plaques and a long stem rose were presented to the Keyettes sponsors, for appreciation of efforts in making the Keyettes club the best. The new officers held their first meeting at the home of the president and began making plans for the coming school year. A bake sale will be held July 6 in front of Sears to raise funds for these projects. SAVE TIME ft MONEY COOK WITH GAS The average American Family spends over $1,500 on food yearly. With an investment like that you better be cooking with a Gas Range. H CONVENIENCE FEATURES: •SOIL-FREE OVEN •BURNER-WITH-A BRAIN •WINDOOR •LIFT-UP OFF TOP •DELUXE 2-PIECE EASY-CLEAN BROILER MONEY SAVINGS FEATURES: • KEEP-WARM OVEN • INSTANT ON & OFF BURNERS • FAST SMOKELESS BROILING • TOP OF RANGE PLATE WARMER • 140'THAWING TEMPERATURE GAS RANGES give you the more you wont For the less you want to pay! FREE HAM OR TURKEY . with purchase of each 30 inch or 36 inch gas rang* OFFER VOID AFTER JULY31, 1974 wee •L f lorid 421 OAK AVE PANAMA CITY . 763-6511 APALACHICOLA . CHARRABELLE . PORT ST. JOE . WEWAHICTCKA . BLOUNTSTOWN . CHIPIEY . PEFUNIAK SPRINGS C00KIN6 WITH 6AS COSTS HALF AS MUCH AS COOKING WITH ELECTRICITY NEWS-HERALD, Panama City, Fla., Sunday, June 23,1874 Beth Ray nor & Terri Tillman of Carter Gymnastic School Regional Jr. Olympics Winners in Ashville, N.C. Clothes Closet Gaylords Plaza 250 West 15th Street Panama City, Florida 32401 Carter Gymnastics School 2046 N. Sherman Edgewood Garden Apts 3325 W. 23rd St. C & G Sporting Goods 137 Harrison Ave. Compliments From Harold Dykes Block-Redd Pest Control 646 Jenks Ave. Fran's Travel World 115 W. 15th St. Velma's 609 Harrison Ave. Gllberg's Fabrics Panama Plaza Salon de Nadine 1115 W. 15th St. Royal American Construction Co. 412 Magnolia Ave. Mulholland Real Estate 2500 W. Hwy. 98 Tommy Thomas Chevrolet 705 W. 15th St. H .J. Teets Construction Co. , Hwy. 77 - Lynn Haven Blackwell Insurance Agency 117 W. 23rd St. Handi-Mart Thomas Drive P.C. Beach 4 Bay Ventures Inc. 645 Jenks Ave. 1st National Bank 2711 W. 15th ST.
What members have found on this page
Get access to Newspapers.com
- The largest online newspaper archive
- 11,100+ newspapers from the 1700s–2000s
- Millions of additional pages added every month