Wool Producers to Get $105-Million Subsidy

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.