Short Title

1 These Regulations may be cited as the Wheat Stabilization 1977 Regulations.

Interpretation

2 In these Regulations,

Act

Act means the Agricultural Stabilization Act; (Loi)

Board

Board means the Agricultural Stabilization Board; (Office)

producer

producer means a person residing in Canada who produced more than five metric tonnes of wheat in Canada in 1977. (producteur)

wheat

wheat means any grade of Canada Eastern Wheat as set out in Schedule I of the Canada Grain Act, grown in Canada in 1977 and sold on or before June 30, 1978, except wheat grown in the designated area as defined in the Canadian Wheat Board Act; (Blé)

Designated Commodity

3 Wheat is hereby designated as an agricultural commodity for the purposes of the Act.

Prescribed Percentage

4 For the purpose of determining the prescribed price of wheat for the calendar year 1977, the percentage of the base price of wheat for that year is hereby prescribed at 90 per cent.

Prescribed Price

5 The prescribed price of wheat for the calendar year 1977 shall be the aggregate of

• (a) 90 per cent of the base price of wheat for that year; and

• (b) the index applicable thereto calculated in the manner set out in the Production Cost Index Regulations.

Payment to Producers

6 Subject to section 7, the Board may, pursuant to paragraph 10(1)(b) of the Act, make payments to producers, on a maximum of 650 metric tonnes of wheat per producer, of $31.97 per metric tonne of wheat other than wheat sold for feed.

7 Where there is more than one person in a production unit as determined by the Board, the Board may make payments for each such person up to a limit of three payments per production unit.