[Federal Register Volume 61, Number 70 (Wednesday, April 10, 1996)]
[Rules and Regulations]
[Page 15881]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-8928]
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DEPARTMENT OF AGRICULTURE
Commodity Credit Corporation
7 CFR Part 1435
RIN 0560-AE44
1995-Crop Sugarcane and Sugar Beet Price Support Loan Rates
AGENCY: Commodity Credit Corporation, USDA.
ACTION: Final rule.
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SUMMARY: The Sugar Price-Support Program is conducted by the Commodity
Credit Corporation (CCC) in accordance with section 206 of the
Agricultural Act of 1949, as amended (the 1949 Act). This final rule
amends the regulation by setting forth 1995-crop loan rates to be used
in administering the Sugar Price-Support Program. The national
(weighted-average) loan rate for 1995-crop raw cane sugar shall be
18.00 cents per pound. The national (weighted-average) loan rate for
1995-crop refined beet sugar shall be 22.90 cents per pound.
EFFECTIVE DATES: April 10, 1996.
FOR FURTHER INFORMATION CONTACT: Daniel Colacicco, Farm Service Agency,
United States Department of Agriculture (USDA), Ag Box 0516, P.O. Box
2415, Washington, DC 20013-2415, telephone 202-690-0734.
SUPPLEMENTARY INFORMATION:
Executive Order 12866
This rule has been determined to be economically significant and
was reviewed by OMB under Executive Order 12866.
Final Regulatory Impact Analysis
The Final Regulatory Impact Analysis describing the impact of
implementation of this rule is available on request from the above-
named individual.
Federal Assistance Program
The title and number of the Federal Assistance Program, as found in
the catalogue of Federal Domestic Assistance, to which this final rule
applies are Commodity Loans and Purchases--10.051.
Regulatory Flexibility Act
It has been determined that the Regulatory Flexibility Act is not
applicable because the 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 matter of this rule.
Environmental Evaluation
An Environmental Evaluation with respect to the price-support loan
program has been completed. It has been determined that this action
will not adversely affect environmental factors such as wildlife
habitat, water quality, air quality, land use, and appearance.
Therefore, neither an Environmental Assessment nor an Environmental
Impact Statement is needed.
Executive Order 12372
This program is not subject to the provisions of Executive Order
12372, which requires intergovernmental consultation with State and
local officials. See the 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 part 1435 set forth in this final rule do
not contain information collection requirements that require clearance
by the Office of Management and Budget under the Paperwork Reduction
Act of 1995 (44 U.S.C. 35).
Executive Order 12778
This final rule has been reviewed in accordance with Executive
Order 12778. The provisions of this final rule preempt State laws to
the extent such laws are inconsistent with the provisions of this final
rule; are not retroactive; and are not subject to administrative appeal
remedies.
Background
This final rule amends 7 CFR part 1435 to set forth the 1995
national price-support levels for use in administering CCC sugar price-
support programs. Section 206 of the 1949 Act provides that the
Secretary of Agriculture (Secretary) shall support the price of the
1991 through 1997 domestically grown crops of sugarcane and sugar beets
through nonrecourse loans. Section 206 further provides that the
Secretary shall support the price of domestically grown sugarcane at
such level as the Secretary determines appropriate, but not less than
18 cents per pound for raw cane sugar. The Secretary also is required
to support the price of domestically grown sugar beets at a level equal
to the sugarcane support level multiplied by the ratio of producer
returns for sugar beets to producer returns for sugarcane, for the most
recent 5-year period for which data are available, plus an amount that
covers sugar beet processor fixed marketing expenses.
List of Subjects in 7 CFR Part 1435
Loan programs/agriculture, Price-support programs, Reporting and
recordkeeping requirements, Sugar.
Accordingly, 7 CFR part 1435 is amended as follows:
PART 1435--SUGAR
1. The authority citation for 7 CFR part 1435 continues to read as
follows:
Authority: 7 U.S.C. 1421, 1423, 1446g; 15 U.S.C. 714b and 714c.
2. Section 1435.4 is amended by redesignating paragraph (e) as
paragraph (f) and adding a new paragraph (e) to read as follows:
Sec. 1435.4 Method of support and loan rates.
* * * * *
(e) The basic (weighted average) loan rates for the 1995 crops of
domestically grown:
(1) Sugarcane shall be 18 cents per pound of raw cane sugar; and
(2) Sugar beets shall be 22.90 cents per pound of refined beet
sugar.
* * * * *
Signed in Washington, DC, on April 4, 1996.
Bruce R. Weber,
Acting Executive Vice President, Commodity Credit Corporation.
[FR Doc. 96-8928 Filed 4-9-96; 8:45 am]
BILLING CODE 3410-05-P
