[Federal Register Volume 60, Number 2 (Wednesday, January 4, 1995)]
[Proposed Rules]
[Pages 381-382]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-00132]
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DEPARTMENT OF AGRICULTURE
Commodity Credit Corporation
7 CFR Part 1421
RIN 0560-AD66
1995-Crop Peanut Minimum CCC Export Edible Sales Price for
Additional Peanuts
AGENCY: Commodity Credit Corporation, USDA.
ACTION: Proposed rule.
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SUMMARY: This proposed rule sets forth a proposed minimum Commodity
Credit Corporation (CCC) sales price for 1995 crop of additional
peanuts for export edible use of $400 per short ton (st).
DATES: coments must be received by January 17, 1995, in order to be
assured of consideration.
ADDRESSES: Comments must be mailed to Robert Miller, Consolidated Farm
Service Agency (CFSA), United States Department of Agriculture, room
3739, South Building, PO Box 2415, Washington, DC 20013-2415. All
written submissions will be made available for public inspection from
8:15 a.m. to 4:45 p.m., Monday through Friday, in room 3739, South
Building, 14th and Independence Avenue SW., Washington, DC.
FOR FURTHER INFORMATION CONTACT:
Robert Miller, CFSA, USDA, room 3739, South Building, P.O. Box 2415,
Washington, DC 20013-2415, telephone 202-720-7477.
SUPPLEMENTARY INFORMATION: .
Executive Order 12866
This proposed rule has been determined to be significant and was
reviewed by OMB under Executive Order 12866.
Federal Assistance Program
The title and number of the Federal Assistance Program, as found in
the Catalog of Federal Domestic Assistance, to which this rule applies,
are Commodity Loans and Purchases--10.051.
Executive Order 12778
This rule has been reviewed in accordance with Executive Order
12778. The provisions of this rule do not preempt Sate law, are not
retroactive, and do not involve administrative appeals.
Regulatory Flexibility Act
It has been determined that the Regulatory Flexibility Act is not
applicable because CCC is not required by 5 U.S.C. 553 or any other
provision of law to publish a notice of proposed rulemaking with
respect to the subject of these determinations.
Paperwork Reduction Act
The amendments to 7 CFR part 1421 set forth in this proposed rule
do not contain information collections that require clearance by the
Office of Management and Budget under the provisions of 44 U.S.C.
chapter 35.
Discussion
This proposed rule would amend 7 CFR part 1421 to set forth the
minimum CCC sales price for the 1995 crop of [[Page 382]] additional
peanuts sold for export edible use.
A minimum price, at which additional peanuts owned or controlled by
CCC may be sold for use as edible peanuts in export markets, is
expected to be announced on or before February 15, 1995, at the same
time that the quota and additional peanut support levels for the 1995
crop are announced. The announcement of the price provides producers
and handlers with information to facilitate the negotiation of private
contracts for the sale of additional peanuts.
An overly high price may create an unrealistic expectation of high
pool dividends and discourage private sales. If too low, the minimum
price could have an unnecessary, adverse effect on prices paid to
producers for additional peanuts.
It is proposed that the minimum price at which the 1995 crop of
additional peanuts owned or controlled by CCC may be sold for use as
edible peanuts in export markets be established at $400 per st, the
same as for the 1994 crop. This level will maintain exports while
providing price stability for additional peanuts sold under contract.
It will also assure handlers that CCC will not undercut their export
contracting efforts with offerings of additional peanuts for export
edible sale below the minimum sales price.
Accordingly, comments are requested with respect to these foregoing
issues.
List of Subjects 7 CFR Part 1421
Grains, Loan programs--agriculture, Oilseeds, Peanuts, Price
support programs, Reporting and recordkeeping requirements, Soybeans,
Surety bonds, Warehouses.
Accordingly, it is proposed that 7 CFR part 1421 be amended as
follows:
PART 1421--GRAINS AND SIMILARLY HANDLED COMMODITIES
3. The authority citation for 7 CFR part 1421 continues to read as
follows:
Authority: 7 U.S.C. 1421, 1423, 1425, 1441z, 1444f-1, 1445b-3a,
1445c-3, 1445e, and 1446f; 15 U.S.C. 714b and 714c.
4. Section 1421.27 is amended by:
A. Removing the period at the end of paragraph (a)(2)(iv) and
inserting a semicolon followed by the work ``and'' in its place, and
B. Adding a new paragraph (a)(2)(v):
Sec. 1421.27 Producer-handler purchases of additional peanuts pledged
as collateral for a loan.
(a) * * *
(2) * * *
(v) The minimum CCC sales price for additional peanuts sold for
export edible use for the 1995 crop is $400 per short ton.
* * * * *
Signed at Washington, DC, on December 27, 1994.
Bruce R. Weber,
Acting Executive Vice President, Commodity Credit Corporation.
[FR Doc. 95-00132 Filed 1-3-95; 8:45 am]
BILLING CODE 3410-05-P-M