[Federal Register Volume 59, Number 83 (Monday, May 2, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-10216]
[[Page Unknown]]
[Federal Register: May 2, 1994]
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DEPARTMENT OF AGRICULTURE
Commodity Credit Corporation
7 CFR Parts 1413 and 1427
RIN 0560-AD22
1994 Extra Long Staple Cotton Program
AGENCY: Commodity Credit Corporation, USDA.
ACTION: Final rule.
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SUMMARY: On October 13, 1993, the Commodity Credit Corporation (CCC)
issued a proposed rule (58 FR 52928) with respect to the 1994
Production Adjustment Program for Extra Long Staple (ELS) Cotton, which
is conducted by the CCC in accordance with the Agricultural Act of 1949
(1949 Act), as amended. The 1994 ELS Cotton Acreage Reduction Program
(ARP) percentage has been determined to be 15 percent. This final rule
amends the regulations to set forth the ARP, the established (target)
price, and the price support rate. No paid land diversion (PLD) program
will be implemented for the 1994 crop of ELS cotton.
EFFECTIVE DATE: May 2, 1994.
FOR FURTHER INFORMATION CONTACT: Kathryn A. Broussard, Fibers and Rice
Analysis Division, Agricultural Stabilization and Conservation Service,
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 final rule is issued in conformance with Executive Order
12866. Based on information compiled by the USDA, it has been
determined that this final rule:
(1) Would have an annual effect on the economy of less than $100
million;
(2) Would not adversely affect in a material way the economy, a
sector of the economy, productivity, competition, jobs, the
environment, public health or safety, or State, local, or tribal
governments or communities;
(3) Would not create a serious inconsistency or otherwise interfere
with an action taken or planned by another agency;
(4) Would not materially alter the budgetary impact of
entitlements, grants, user fees, or loan programs, or rights and
obligations of recipients thereof; and
(5) Would not raise novel, legal, or policy issues arising out of
legal mandates, the President's priorities, or principles set forth in
Executive Order 128866.
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.
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.
Final Regulatory Impact Analysis
The Final Regulatory Impact Analysis describing the options
considered in developing this final rule and the impact of the
implementation of the selected option is available on request from the
above-named individual.
Background
This final rule amends 7 CFR part 1413 to set forth determinations
on the 1994 Production Adjustment Program and the PLD Program and 7 CFR
part 1427 to set forth the determinations on the 1994 price support
level. General descriptions of the statutory basis for the 1994 ELS ARP
percentage determination in this final rule were set forth in the
proposed rule at 58 FR 52928 (October 13, 1993).
One comment was received during the comment period. The respondent
recommended that a 15-percent ARP level would be sufficient to maintain
a stable level of supplies. Concerns were expressed that an ARP higher
than 15 percent would result in an unnecessary negative impact on many
Pima growers and the Pima cotton industry.
In accordance with statutory requirements, the Secretary of
Agriculture (Secretary) announced the 1994 price support level and
target price, 85.03 and 102.0 cents per pound, respectively, on
December 1, 1993. After considering the comment, the Secretary
announced a 15-percent ARP level on January 5, 1994. The Secretary
determined that a 15-percent ARP would maintain U.S. competitiveness in
world markets while balancing the risks of excessive supplies and
possible shortages. A 15-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 1994 crop of ELS cotton at 15 percent.
Accordingly, producers will be required to reduce their 1994 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 1994 crop of ELS cotton.
Price Support Rate
In accordance with section 193(h)(2) of the 1949 Act, the price
support rate has been established with respect to the 1994 crop of ELS
cotton at 85.03 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
1994 crop of ELS cotton at 102.00 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 by:
A. Revising paragraphs (a)(5)(ii) and (a)(5)(iii), and
B. Adding paragraphs (a)(5)(iv) and (d)(4) to read as follows:
Sec. 1413.54 Acreage reduction program provisions.
(a) * * *
(5) * * *
(ii) 1992 ELS cotton, 5 percent;
(iii) 1993 ELS cotton, 20 percent; and
(iv) 1994 ELS cotton, 15 percent.
* * * * *
(d) * * *
(4) For the 1994 crop:
(i)-(iii) [Reserved]
(iv) Shall not be made available to producers of ELS cotton.
* * * * *
3. Section 1413.104 is amended by revising paragraphs (a)(8)(ii)
and (a)(8)(iii), adding paragraph (a)(8)(iv) and revising paragraph (b)
to read as follows:
Sec. 1413.104 Established (target) prices.
(a) * * *
(8) * * *
(ii) 1992 ELS cotton--$1.058/lb;
(iii) 1993 ELS cotton--$1.057/lb; and
(iv) 1994 ELS cotton--$1.02/lb.
(b) ELS cotton target price for the 1995 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, 1444, and 1444-2; 15
U.S.C. 714b and 714c.
5. Section 1427.8 is amended by:
A. Revising paragraphs (a)(2)(ii) and (a)(2)(iii), and
B. Adding paragraph (a)(2)(iv) to read as follows:
Sec. 1427.8 Amount of loan.
(a) * * *
(2) * * *
(ii) 1992 ELS cotton, 88.15 cents per pound;
(iii) 1993 ELS cotton, 88.12 cents per pound; and
(iv) 1994 ELS cotton, 85.03 cents per pound.
* * * * *
Signed at Washington, DC on April 22, 1994.
Bruce R. Weber,
Acting Executive Vice President, Commodity Credit Corporation.
[FR Doc. 94-10216 Filed 4-29-94; 8:45 am]
BILLING CODE 3410-05-P
