Fats and Oils Situation, Vol. 261

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Excerpt from Fats and Oils Situation, Vol. 261: February 1972Farmers intend to plant nearly 45 million acres to soybeans this spring, according to a special usda survey. This is 4% above 1971 but short of the usda goal of 48 million acres for 1972 announced earlier. If plantings increase as indicated and harvested acreage and yields are near recent levels, soybean supplies (including next September's low carryover) would approximate billion bushels, slightly above the current marketing year.The new feed grain program Options announced February 2 - aimed at increasing mainly corn set-aside acreages in 1972 - likely will have some effect on soybean acreage to be planted this spring. Corn producers, after setting aside the 25 percent of their feed grain base to qualify them to earn their basic payment, will. Be able to earn an increased rate of payment on additional set-aside - 80 cents per bushel on an added 10 percent of their base.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.