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[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]

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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.

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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
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