95-00132. 1995-Crop Peanut Minimum CCC Export Edible Sales Price for Additional Peanuts  

  • [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]
    
    
    
    -----------------------------------------------------------------------
    
    
    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.
    
    -----------------------------------------------------------------------
    
    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
    
    

Document Information

Published:
01/04/1995
Department:
Commodity Credit Corporation
Entry Type:
Proposed Rule
Action:
Proposed rule.
Document Number:
95-00132
Dates:
coments must be received by January 17, 1995, in order to be assured of consideration.
Pages:
381-382 (2 pages)
RINs:
0560-AD66
PDF File:
95-00132.pdf
CFR: (1)
7 CFR 1421.27