[Federal Register Volume 60, Number 116 (Friday, June 16, 1995)]
[Rules and Regulations]
[Pages 31623-31624]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-14752]
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Rules and Regulations
Federal Register
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Federal Register / Vol. 60, No. 116 / Friday, June 16, 1995 / Rules
and Regulations
[[Page 31623]]
DEPARTMENT OF AGRICULTURE
Commodity Credit Corporation
7 CFR Parts 1413 and 1427
RIN 0560-AD39
1995 Upland Cotton Program
AGENCY: Commodity Credit Corporation, USDA.
ACTION: Final rule.
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SUMMARY: On September 27, 1994, the Commodity Credit Corporation (CCC)
issued a proposed rule with respect to the 1995 Upland Cotton
Production Adjustment Program, which is conducted by CCC in accordance
with the Agricultural Act of 1949, as amended (1949 Act). The 1995
Upland Cotton Acreage Reduction Program (ARP) percentage has been
determined to be zero percent. This final rule amends the regulations
to set forth the ARP and the price support rate for the 1995 crop of
upland cotton. No paid land diversion (PLD) program will be implemented
for the 1995 crop of upland cotton. These actions are required by
section 103B of the 1949 Act.
EFFECTIVE DATE: June 16, 1995.
FOR FURTHER INFORMATION CONTACT: Wayne E. Bjorlie, Consolidated Farm
Service Agency, United States Department of Agriculture, room 3754-S,
PO Box 2415, Washington, DC 20013-2415 or call 202-720-7954.
SUPPLEMENTARY INFORMATION:
Executive Order 12866
This final rule has been determined to be economically significant
and was reviewed by the Office of Management and Budget (OMB) under
Executive Order 12866.
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 proposed
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
OMB 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 1995 ARP and PLD programs, and 7 CFR part 1427 to set forth the
determination of the 1995 upland cotton price support level. General
descriptions of the statutory basis for the 1995 upland cotton ARP
percentage determination in this final rule were set forth at 59 FR
49214 (September 27, 1994).
Nineteen comments were received regarding the 1995 ARP level.
Twelve respondents recommended that the ARP level be set at zero
percent, and one requested that a zero-percent ARP be considered.
Another respondent requested that the ARP be set at the lowest possible
percentage which would result in a stocks-to-use ratio of 29.5 percent.
One respondent requested that the ARP level be set no higher than 5
percent and another recommended 5 percent. One respondent requested the
ARP be set no higher than 8 percent. One commented that the ARP be set
at 10 percent, and another recommended the ARP be set at no less than
15 percent.
After considering these comments, the Secretary of Agriculture
(Secretary) on October 31, 1994, announced a 7.5-percent ARP level and
a price support level of 51.92 cents per pound for the 1995 marketing
year. The Secretary also announced that no PLD program will be offered.
On December 21, 1994, a final ARP requirement of zero percent was
announced for the 1995 crop of upland cotton. The Secretary determined
that, based upon the most recent projections of carryover and total
disappearance, a zero-percent ARP would result in a ratio of carryover
to total disappearance of 29.5 percent.
Acreage Reduction Program
In accordance with section 103B(e)(1) of the 1949 Act, an ARP of
zero percent has been established for the 1995 crop of upland cotton.
Paid Land Diversion
In accordance with section 103B(e)(5)(A) of the 1949 Act, a PLD
program will not be made available to producers of 1995-crop upland
cotton.
Price Support Rate
In accordance with section 103B(a)(1)(3) of the 1949 Act, the price
support rate has been established with respect to the 1995 crop of
upland cotton at 51.92 cents per pound.
[[Page 31624]]
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 to read as follows by:
A. Revising paragraphs (a)(3)(iii) and (a)(3)(iv),
B. Adding paragraph (a)(3)(v), and
C. Adding paragraph (d)(5)(iii):
Sec. 1413.54 Acreage reduction program provisions.
(a) * * *
(3) * * *
(iii) 1993 upland cotton, 7.5 percent;
(iv) 1994 upland cotton, 11.0 percent; and
(v) 1995 upland cotton, 0 percent.
* * * * *
(d) * * *
(5) * * *
(iii) Shall not be made available to producers of the 1995 crop
upland cotton.
* * * * *
PART 1427--COTTON
3. 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.
4. Section 1427.8 is amended to read as follows by:
A. Revising paragraphs (a)(1)(iii) and (a)(1)(iv); and
B. Adding paragraph (a)(1)(v):
Sec. 1427.8 Amount of loan.
(a) * * *
(1) * * *
(iii) 1993 upland cotton, 52.35 cents per pound;
(iv) 1994 upland cotton, 50.00 cents per pound; and
(v) 1995 upland cotton, 51.92 cents per pound.
* * * * *
Signed at Washington, DC, on June 8, 1995.
Bruce R. Weber,
Acting Executive Vice President, Commodity Credit Corporation.
[FR Doc. 95-14752 Filed 6-15-95; 8:45 am]
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