ROANOKE TIMES

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: FRIDAY, June 22, 1990                   TAG: 9006220097
SECTION: CURRENT                    PAGE: NRV2   EDITION: NEW RIVER VALLEY 
SOURCE: 
DATELINE: CHRISTIANSBURG                                LENGTH: Short


CORN LOAN, PURCHASE RATE ANNOUNCED

The loan and purchase rate for Montgomery County's 1990 corn crop was recently announced at $1.76 per bushel by the Agricultural Stabilization and Conservation Service.

The rate is based on a national average of $1.57, according to W. Terry Altizer, ASCS county executive director. Some county price supports were adjusted to reflect location and transportation costs and other factors.

Price support loans provide operating capital to farmers, enabling them to hold their crop off the market and benefit from price increases that often come after harvest.



 by CNB