[Federal Register Volume 61, Number 106 (Friday, May 31, 1996)]
[Rules and Regulations]
[Pages 27244-27245]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-13591]
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DEPARTMENT OF AGRICULTURE
Federal Crop Insurance Corporation
7 CFR Part 457
RIN 0563-AB24
Common Crop Insurance Regulations; Malting Barley Price and
Quality Endorsement Crop Insurance Provisions; Correction
AGENCY: Federal Crop Insurance Corporation, Department of Agriculture.
ACTION: Correcting amendments.
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SUMMARY: This document contains technical corrections to the final
regulations, published Wednesday, March 6, 1996 (61 FR 8851),
concerning the insurance contract requirements under the Malting Barley
Price and Quality Endorsement crop provisions of the Common Crop
Insurance Policy.
EFFECTIVE DATE: May 30, 1996.
FOR FURTHER INFORMATION CONTACT: Rob Coultis, Program Analyst, Research
and Development Division, Product Development Branch, FCIC, at 9435
Holmes Road, Kansas City, MO 64131, telephone (816) 926-7730 (not a
toll-free call).
SUPPLEMENTARY INFORMATION:
Background
The final regulation that is the subject of these technical
corrections was intended to make available a new insurance coverage for
producers of malting barley. As published, the final regulations
contained an error in the calculation used to reduce the amount of
production to count when damaged production is accepted by a buyer for
malting purposes. As published, the quality adjustment factor used to
reduce the amount of damaged production is calculated by dividing an
established value of undamaged production (the maximum additional value
price election) by the price per bushel received for damaged
production. The application of this calculation will increase the
production to count, not
[[Page 27245]]
reduce it. To establish the appropriate factor for reducing the
production to count to take into consideration an amount of damaged
production, the regulation should have stated that the price per bushel
received for damaged production would be divided by the established
value of undamaged production.
Need for Correction
As published, the final regulations contain errors which may prove
to be misleading and are in need of clarification.
List of Subjects in 7 CFR Part 457
Malting Barley Crop Insurance.
PART 457--COMMON CROP INSURANCE REGULATIONS; REGULATIONS FOR THE
1991 AND SUBSEQUENT CONTRACT YEARS
Accordingly, 7 CFR Part 457 is corrected by making the following
correcting amendments:
1. On page 8856 in the second column, section 4(b)(2) of Option A
is corrected to read ``Dividing the price per bushel received for the
damaged production by the result of paragraph (1); and''
2. On page 8857 in the second column, section 4(b)(2) of Option B
is corrected to read ``Dividing the price per bushel received for the
damaged production by the result of paragraph (1); and''
Signed in Washington, D.C., on May 23, 1996.
Kenneth D. Ackerman,
Manager, Federal Crop Insurance Corporation.
[FR Doc. 96-13591 Filed 5-30-96; 8:45 am]
BILLING CODE 3410-FA-P
