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Excerpt from Wheat Outlook and Situation: November 1982 <p>With 1982's bumper harvest building supplies to a record billion bushels, prices during are not likely to recover sharply from the lowest levels in 4 years. Sluggish exports during june-october reconfirm the forecast that export demand will be below the record. This weakness in demand has tended to offset the price impact from record amounts of wheat being placed into the 3-year farmer-owned grain reserve. Futures market prices continue near season lows. <p>Accelerated export buying and continued entry into the reserve could help bolster prices in the short run, while any strength in the long-term price outlook will likely depend on producer participation in the 1983 acreage reduction program. For the season, the average farm price will likely fall between and below last season's a bushel. <p>Average farm prices for june-october were below both the a bushel target price and the loan level. This means that a 50 cents-a-bushel deficiency payment will be paid to producers who complied with the 1982 acreage reduction program. The total estimated payment of $530 million compares with $415 million in 1981. <p>About the Publisher <p>Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com <p>This 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.