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<br />FOREWORD <br /> <br />. <br /> <br />These agricultural price standards have been developed pursuant <br />to the Water Resources Council's "Principles and Standards." <br />They were prepared for the Council by the Economic Research <br />Service, U. S. Department of Agriculture, utilizing procedures <br />approved by the Council. They represent current agricultural <br />prices normalized for short-term fluctuations. Agencies of the <br />Water Resources Council are to use these prices for planning and <br />evaluating water and related land resources projects and for prep- <br />aration of river basin plans. <br /> <br />This gUideline document supplements the "Principles and Standards <br />for Planning Water and Related Land Resources" which were <br />approved by President Nixon, September 5, 1973, effective as <br />of October 25, 1973. Price standards as reflected in this document <br />are effective immediately. <br /> <br />The September 1974 price standards replace the Council's price <br />standards published in February 1974. Use of these data will <br />improve project evaluations made by Member Agencies of the <br />Water Resources Council. Current normalized price data will be <br />updated annually and will be published shortly after the beginning <br />of each fiscal year. <br /> <br />~~~J:.,N <br /> <br />. <br />J <br /> <br />~ <br />~ <br /> <br />Director <br />Water Resources Council <br /> <br />/ <br />.' <br /> <br />RECEIVED <br /> <br />DEe 1 61974 <br /> <br />COLO. wr,TER <br />COMSER'JA\ \0N BOrlRO <br /> <br />October 1974 <br /> <br />G5A DC 75.4008 <br /> <br />--~~~-- <br />