Source: https://www.federalregister.gov/articles/2004/11/26/04-26121/nectarines-and-peaches-grown-in-california-decreased-assessment-rates
Timestamp: 2015-04-22 03:50:56
Document Index: 507040510

Matched Legal Cases: ['§ 916', '§ 917', '§ 916', '§ 917', 'art 916', 'ART 917', 'art 917']

Federal Register | Nectarines and Peaches Grown in California; Decreased Assessment Rates
Dates: Effective December 27, 2004.
Effective Date: 12/27/2004
-68759 (5 pages)
Document Number: 04-26121
Shorter URL: https://federalregister.gov/a/04-26121 Related Topics
NAC Assessment and Expenses Back to Top
The NAC met on April 28, 2004, and unanimously recommended 2004-05 fiscal period expenditures of $5,162,866 and an assessment rate of $0.195 per 25-pound container or container equivalent of nectarines. In comparison, last year's expenditures were initially budgeted at $4,173,438. The assessment rate of $0.195 is $0.005 lower than the rate previously in effect.
The 2004-05 fiscal period NAC assessment rate was derived after considering the total NAC expenses of $5,162,866; the initial estimated assessable nectarines of 22,245,000 twenty-five-pound containers or container equivalents; the estimated income from other sources, such as interest and grants; and the need for an adequate financial reserve to carry the NAC into the 2005 season. The committee has determined that a carry-in of $400,000 is historically necessary to meet its obligations in the early part of each season, before handler assessments are billed and received. To meet these goals, the NAC recommended an assessment rate of $0.195 per 25-pound container or container equivalent. According to the committee, that assessment rate will result in an adequate carry-in, while maintaining reserves within the maximum permitted by the order (approximately one year's expenses; § 916.42).
PCC Assessment and Expenses Back to Top
To meet these goals, the PCC recommended an assessment rate of $0.19 per 25-pound container or container equivalent. According to the committee, that assessment rate will result in an adequate carry-in, while maintaining reserves within the maximum permitted by the order (one year's expenses; § 917.38). Continuance of Assessment Rates Back to Top
Analysis of NAC Budget Back to Top
The lower assessment rate is possible because of the $786,521 in excess funds carried into the 2004-05 fiscal period. This will provide adequate funds at the beginning of the 2005 season before assessment collections begin. A financial reserve carry-in is desirable because major expense outlays for seasonal promotions and other activities occur before assessments are received.
To meet this goal, the NAC recommended an assessment rate of $0.195 per 25-pound container or container equivalent. According to the committee, that assessment rate will result in an adequate carry-in, while carrying reserves within the maximum permitted by the order (one year's expenses; § 916.42).
Analysis of PCC Budget Back to Top
To meet this goal, the PCC recommended an assessment rate of $0.19 per 25-pound container or container equivalent. According to the committee, the assessment rate will result in an adequate carry-in, while keeping reserves within the maximum permitted by the order (one year's expenses; § 917.38).
Considerations in Determining Expenses and Assessment Rates Back to Top
This action imposes no additional reporting or recordkeeping requirements on either small or large handlers. As with all Federal marketing order programs, reports and forms are periodically reviewed to reduce information requirements and duplication by industry and public sector agencies. USDA has not identified any relevant Federal rules that duplicate, overlap, or conflict with this rule.
A small business guide on complying with fruit, vegetable, and specialty crop marketing agreements and orders may be viewed at: http://www.ams.usda.gov/fv/mb.html. Any questions about the compliance guide should be sent to Jay Guerber at the previously mentioned address in the FOR FURTHER INFORMATION CONTACT section.
Accordingly, the interim final rule amending 7 CFR part 916 which was published at 69 FR 50278, on August 16, 2004, is adopted as a final rule without change.
PART 917—PEACHES GROWN IN CALIFORNIA Back to Top
Accordingly, the interim final rule amending 7 CFR part 917 which was published at 69 FR 50278, on August 16, 2004 is adopted as a final rule without change.