Source: https://www.federalregister.gov/documents/2010/08/18/2010-20352/cotton-program-changes-for-upland-cotton-adjusted-world-price-and-active-shipping-orders
Timestamp: 2017-03-25 00:17:02
Document Index: 82184780

Matched Legal Cases: ['art 1427', '§\u20091427', 'art 1423', '§\u20091423', 'art 3015', 'art1', 'art 1423', 'art2', '§\u20091423', '§\u20091423', 'art3', 'art 1427', '§\u20091427', 'art4', '§\u20091427', 'art5', '§\u20091427', '§\u20091427', '§\u20091427']

:: Cotton Program Changes for Upland Cotton, Adjusted World Price, and Active Shipping Orders
A Rule by the Commodity Credit Corporation on 08/18/2010
50847-50850
https://www.federalregister.gov/d/2010-20352
This rule makes three changes to the regulations for the cotton program and to the regulations for CCC-approved warehouses used for cotton. It removes obsolete definitions from the regulations for cotton non-recourse loans and loan deficiency payments. It clarifies the payment calculation for eligible upland cotton to ensure that the EAAP meets the original purpose. It adds definitions to the regulations for CCC-approved warehouses to clarify the information that cotton warehouse operators must report to CCC.Start Printed Page 50848
CCC published a final rule in the Federal Register on November 5, 2008 (73 FR 65715-65724) implementing changes to the cotton program required by the Food, Conservation, and Energy Act of 2008 (the 2008 Farm Bill, Pub. L. 110-246), including changes in the way the adjusted world price for cotton is calculated for the purposes of CCC programs. The final rule amended 7 CFR part 1427. That rule inadvertently did not remove several terms that are no longer needed and accordingly, this correcting amendment removes the terms “Northern Europe current price,” “Northern Europe forward price,” and “Northern Europe price” from § 1427.3 because these terms are no longer used in calculating the adjusted world price.
This rule clarifies what an “active shipping order” is because the term is currently used although not defined in 7 CFR part 1423. To clarify the term, this rule adds definitions for “active shipping order,” “early shipping order,” and “shipping order” to § 1423.3. As defined in this rule, early shipping orders and shipping orders are types of active shipping orders. An active shipping order, as defined in this rule, is an “early shipping order or shipping order, as defined in this section, scheduled for a current cotton warehouse reporting week or for a prior reporting week, but not picked up.” An “early shipping order” is a list of bale tag numbers sent to a cotton warehouse operator without transfer of warehouse receipts. A shipping order is a list of bale tag numbers accompanied by the transfer of warehouse receipts.
This program is not subject to Executive Order 12372, which requires intergovernmental consultation with State and local officials. See the notice related to 7 CFR part 3015, subpart V, published in the Federal Register on June 24, 1983 (48 FR 29115).Start Printed Page 50849
Start Amendment PartFor the reasons discussed above, this rule amends End Amendment Part
Start Amendment Part1. The authority citation for part 1423 continues to read as follows:End Amendment Part
Start Amendment Part2. Amend § 1423.3 by adding, in alphabetical order, definitions for “active shipping order,” “early shipping order,” and “shipping order” to read as follows:End Amendment Part
§ 1423.3 Definitions.
Start Amendment Part3. The authority citation for part 1427 is revised to read as follows:End Amendment Part
§ 1427.3 [Amended]
Start Amendment Part4. Amend § 1427.3 by removing the definitions for “Northern Europe current price,” “Northern Europe forward price,” and “Northern Europe price.”End Amendment Part
Start Amendment Part5. Amend § 1427.105 as follows:End Amendment Part
Start Amendment Parta. Revise paragraphs (a) and (b) to read as set forth below,End Amendment Part
Start Amendment Partb. Remove paragraph (c), andEnd Amendment Part
Start Amendment Partc. Redesignate paragraphs (d) and (e) as paragraphs (c) and (d).End Amendment Part
§ 1427.105 Payment.
(a) Payments specified in this subpart will be determined by multiplying the payment rate, as specified in § 1427.104, by
Start Printed Page 50850