[Federal Register Volume 60, Number 68 (Monday, April 10, 1995)]
[Rules and Regulations]
[Pages 17984-17985]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-8743]
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DEPARTMENT OF AGRICULTURE
Commodity Credit Corporation
7 CFR Parts 1413 and 1427
RIN 0560-AD42
1995 Extra Long Staple Cotton Program
AGENCY: Commodity Credit Corporation, USDA.
ACTION: Final rule.
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SUMMARY: On November 7, 1994, the Commodity Credit Corporation (CCC)
issued a proposed rule (58 FR 55378) with respect to the 1995
Production Adjustment Program for Extra Long Staple (ELS) Cotton, which
is conducted by the CCC in accordance with the Agricultural Act of
1949, as amended (1949 Act). The 1995 ELS Cotton Acreage Reduction
Program (ARP) percentage has been determined to be 10 percent. This
final rule amends the regulations to set forth the ARP percentage, the
established (target) price, and the price support rate. No paid land
diversion (PLD) program will be implemented for the 1995 crop of ELS
cotton.
EFFECTIVE DATE: April 10, 1995.
FOR FURTHER INFORMATION CONTACT: Kathryn A. Broussard, Consolidated
Farm Service Agency, United States Department of Agriculture, room
3758-S, P.O. Box 2415, Washington, DC 20013-2415 or call 202-720-9222.
SUPPLEMENTARY INFORMATION:
Executive Order 12866
This rule has been determined to be significant and was reviewed by
the Office of Management and Budget (OMB) under Executive Order 12866.
Regulatory Flexibility Act
It has been determined that the Regulatory Flexibility Act is not
applicable to this final rule since the CCC is not required by 5 U.S.C.
553 or any other provision of law to publish a notice of final
rulemaking with respect to the subject matter of these determinations.
Environmental Evaluation
It has been determined by an environmental evaluation that this
action will not have a significant impact on the quality of the human
environment. Therefore, neither an Environmental Assessment nor an
Environmental Impact Statement is needed. [[Page 17985]]
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: Cotton Production Stabilization--10.052.
Executive Order 12778
This final rule has been reviewed in accordance with Executive
Order 12778. The provisions of the final rule do not preempt State
laws, are not retroactive, and do not involve administrative appeals.
Executive Order 12372
This program/activity is not subject to the provisions of Executive
Order 12372, which requires intergovernmental consultation with State
and local officials. See notice related to 7 CFR part 3015, subpart V,
published at 48 FR 29115 (June 24, 1983).
Paperwork Reduction Act
The amendments to 7 CFR parts 1413 and 1427 set forth in this final
rule do not contain information collections that require clearance by
the Office of Management and Budget under the provisions of 44 U.S.C.
35.
Background
This final rule amends 7 CFR part 1413 to set forth determinations
on the 1995 ARP and the PLD Program and 7 CFR part 1427 to set forth
the determinations on the 1995 price support level. General
descriptions of the statutory basis for the 1995 ELS ARP percentage
determination in this final rule were set forth in the proposed rule at
59 FR 55378 (November 7, 1994).
Three comments were received during the comment period. Two
respondents recommended that an ARP level not higher than 10-percent
would be sufficient to maintain a stable level of supplies. One
respondent recommended a 15-percent ARP, but recognized that a 10-
percent ARP would be acceptable.
In accordance with statutory requirements, the Secretary of
Agriculture (Secretary) announced: a 10-percent ARP; a price support
level of 79.65 cents per pound; and a target price of 95.6 cents per
pound, for the 1995 ELS cotton program on December 1, 1994. The
Secretary determined that a 10-percent ARP would maintain U.S.
competitiveness in world markets while balancing the risks of excessive
supplies and possible shortages. A 10-percent ARP reflects the current
supply situation while signaling to domestic and foreign customers that
the U.S. will be a reliable supplier.
Acreage Reduction
In accordance with section 103(h)(5) of the 1949 Act, an ARP has
been established for the 1995 crop of ELS cotton at 10 percent.
Accordingly, producers will be required to reduce their 1995 acreage of
ELS cotton for harvest from the crop acreage base established for ELS
cotton by at least this established percentage in order to be eligible
for price support loans, purchase, and payments.
Paid Land Diversion
In accordance with section 103(h)(5)(B) of the 1949 Act, a PLD
Program will not be implemented for the 1995 crop of ELS cotton.
Price Support Rate
In accordance with section 103(h)(2) of the 1949 Act, the price
support rate has been established with respect to the 1995 crop of ELS
cotton at 79.65 cents per pound.
Established (Target) Price
In accordance with section 103(h)(3)(B) of the 1949 Act, the
established (target) price has been established with respect to the
1995 crop of ELS cotton at 95.6 cents per pound.
List of Subjects
7 CFR Part 1413
Acreage allotments, Cotton, Disaster assistance, Feed grains, Price
support programs, Reporting and recordkeeping requirements, Rice, Soil
conservation, Wheat.
7 CFR Part 1427
Cotton, Loan programs/agriculture, Packaging and containers, Price
support programs, Reporting and recordkeeping requirements, Surety
bonds, Warehouses.
Accordingly, 7 CFR parts 1413 and 1427 are amended as follows:
PART 1413--FEED GRAIN, RICE, UPLAND AND EXTRA LONG STAPLE COTTON,
WHEAT AND RELATED PROGRAMS
1. The authority citation for 7 CFR part 1413 continues to read as
follows:
Authority: 7 U.S.C. 1308, 1308a, 1309, 1441-2, 1444-2, 1444f,
1445b-3a, 1461-1469; 15 U.S.C. 714b and 714c.
2. Section 1413.54 is amended as follows by:
A. Revising paragraphs (a)(5)(iii) and (a)(5)(iv), and
B. Adding paragraphs (a)(5)(v),
C. Adding paragraph (d)(5):
Sec. 1413.54 Acreage reduction program provisions.
(a) * * *
(5) * * *
(iii) 1993 ELS cotton, 20 percent;
(iv) 1994 ELS cotton, 15 percent; and
(v) 1995 ELS cotton, 10 percent.
* * * * *
(d) * * *
(5) For the 1995 crop:
(i)-(iii) [Reserved]
(iv) Shall not be made available to producers of ELS cotton.
* * * * *
3. Section 1413.103 is amended by adding paragraph (a)(8)(v) and
revising paragraph (b) to read as follows:
Sec. 1413.103 Established (target) prices.
(a) * * *
(8) * * *
(v) 1995 ELS cotton--$.95.6/lb.
(b) ELS cotton target price for the 1996 crop will be established
as 120 percent of the loan rate for ELS cotton.
PART 1427--COTTON
4. The authority citation for 7 CFR part 1427 continues to read as
follows:
Authority: 7 U.S.C. 1421, 1423, 1425, and 1444-2; 15 U.S.C.
7114b and 714c.
5. Section 1427.8 is amended as follows by:
A. Revising paragraphs (a)(2)(iii) and (a)(2)(iv), and
B. Adding paragraph (a)(2)(v):
Sec. 1427.8 Amount of loan.
(a) * * *
(2) * * *
(iii) 1993 ELS cotton, 88.12 cents per pound;
(iv) 1994 ELS cotton, 85.03 cents per pound; and
(v) 1995 ELS cotton, 79.65 cents per pound.
* * * * *
Signed at Washington, DC on March 31, 1995.
Grant Buntrock,
Acting Executive Vice President, Commodity Credit Corporation.
[FR Doc. 95-8743 Filed 4-7-95; 8:45 am]
BILLING CODE 3410-05-P