Wool Producers to Get $105-Million Subsidy
- Share via
Associated Press
Washington — Wool producers will get about $105 million in federal subsidies to help make up for low prices last year, the Agriculture Department said.
The 1990 support price level as determined by Congress was $1.82 per pound of wool. But the average market price was only 80 cents per pound.
In addition, mohair producers will collect about $60 million for their 1990 sales. Mohair supports were slightly more than $4.53 per pound, while the market price averaged only 93 cents.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
