AMERICA'S SOLUTION

Evening Post, Volume CXVI, Issue 24, 28 July 1933, Page 8

AMERICA'S SOLUTION

RESTRICTED PRODUCTION

PLAN PUT INTO ACTION

United Press Association—By Electric Tele^

graph—Copyright. (Received July 28, 2 p.m.)

WASHINGTON, July 27.

The Secretary of Agriculturo (Mr. Henry A. Wallace) on Thursday announced wheat production allotments totalling 465,198,588 bushels in fortytwo States and 2233 counties as a basis on which benefit- payments would ba made to farmers .under the voluntary domestic allotment plan, put into force by tho Farm Administrators. The allotment in each case was estimated in the proportion of the five-year average production in the United States from 1928 to 1932, inclusive of that which Mr. Wallace estimated would be needed for domestic consumption and on which the processing tax of thirty cents a bushel will be levied.

The national figure represented 54 per cent, of the five-year average production of 844,812,200 bushels. Mr. Wallace said that the minimum payments were to be made to farmers on each bushel of their allotments when the county allotments were broken into. The grower allotments would be 28 cents a bushel, totalling 127,000,000 dollars, if 100 per cent, of the farmers signed agreements to reduce their acreage. The farmer signing a contract, in order to become eligible for payments, must agree to reduce his acreage up to 20 per cent, of the land on which he harvests wheat next year under the amount ho harvested during tho five years.

The Farm Administrators revealed on Thursday they were planning to increase wheat exports from the Pacific Coast to the Orient and were prepared to use part of tho proceeds of the United States processing tax on wheat to finance thfe plan.