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Excerpt from Agricultural Situation, Vol. 48: September 1964 The Nation's wheat carryover on July 1, 1964, totaled 900 million bushels, 295 million below a year earlier, and was the third consecutive year that carry over dropped. The steady decline in carryover stocks is the result of special acreage diversion programs for both the 1962 and 1963 crops and the high level of exports. During the past 4 years, exports averaged 720 million bushels per year, about 245 million more than the preceding 4-year aver age. As in past years, the Commodity Credit Corporation held the bulk of wheat stocks - 832 million bushels on July 1. In addition to the 000 stocks, million bushels were outstanding under loan and reseal loan from the 1963 crop. Old - crop reseal totaled million bushels. Wheat in private hands free stocks - totaled an estimated 14 million bushels on July 1. This estimate is subject to change as more complete CCC fiscal data become available. Be cause the 1964-crop price support is 52 cents per bushel below that for the 1963 crop, free stocks were expected to be almost nonexistent. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com 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.