[Federal Register Volume 61, Number 56 (Thursday, March 21, 1996)]
[Rules and Regulations]
[Pages 11514-11515]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-6774]



=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF AGRICULTURE
Commodity Credit Corporation

7 CFR Part 1421

RIN 0560-AE28


Extension of Maturing 1994 and Subsequent Crop Year Wheat and 
Feed Grain Price Support Loans

AGENCY: Commodity Credit Corporation, USDA.

ACTION: Final rule.

-----------------------------------------------------------------------

SUMMARY: This final rule adopts, without change, the proposed rule 
published in the Federal Register at 60 FR 55807 on November 3, 1995, 
allowing producers to extend maturing wheat, corn, grain sorghum, 
barley, oat, and rye price support loans during times of abnormal 
marketing conditions.

EFFECTIVE DATE: March 21, 1996.

FOR FURTHER INFORMATION CONTACT: Margaret Wright, Program Specialist, 
Farm Service Agency (FSA), USDA, room 3627, South Building, P.O. Box 
2415, Washington, DC 20013-2415, telephone 202-720-8481.

SUPPLEMENTARY INFORMATION:

Executive Order 12866

    This rule has been determined to be significant and was reviewed by 
Office of Management and Budget (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.

Regulatory Flexibility Act

    It has been determined that the Regulatory Flexibility Act is not 
applicable because the Commodity Credit Corporation (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 have no significant impact on the quality of the human 
environment.

[[Page 11515]]


Executive Order 12372

    This program is not subject to the provisions of Executive Order 
12372, which requires intergovernmental consultation with State and 
local officials. See the Notice related to 7 CFR part 3015, subpart V, 
published at 48 FR 29115 (June 24, 1983).

Executive Order 12778

    This final rule has been reviewed pursuant to Executive Order 
12778. To the extent State and local laws are in conflict with these 
regulatory provisions, it is the intent of CCC that the terms of the 
regulations prevail. The provisions of this final rule are not 
retroactive. Prior to any judicial action in a court of competent 
jurisdiction, administrative review under 7 CFR part 780 must be 
exhausted.

Paperwork Reduction Act

    The amendments to 7 CFR part 1421 set forth in this final rule do 
not contain additional information collections that require clearance 
by the Office of Management and Budget (OMB) under the provisions of 44 
U.S.C. Chapter 35. Existing information collections were approved by 
OMB and assigned OMB Control Numbers 0560-0087 and 0560-0129.

Public Comments

    No comments were received in response to the proposed rule 
published on November 3, 1995, at 60 FR 55807.

List of Subjects in 7 CFR Part 1421

    Grains, Loan programs/agriculture, Oilseeds, Peanuts, Price support 
programs, Reporting and recordkeeping requirements, Soybeans, Surety 
bonds, Warehouses. Accordingly, the proposed rule which amended 7 CFR 
part 1421 published at 60 FR 55807 on November 3, 1995, is adopted as a 
final rule without change as follows:

PART 1421--GRAINS AND SIMILARLY HANDLED COMMODITIES

    1. 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. Subpart--Rice 
Marketing Certificate Program is also issued under authority of 7 
U.S.C. 1441-2; 15 U.S.C. 714b and 714c.

    2. Section 1421.6 is amended by revising paragraph (e) to read as 
follows:


Sec. 1421.6  Maturity and expiration dates.

* * * * *
    (e) Notwithstanding any other provision of this section, CCC may 
allow producers with wheat, corn, grain sorghum, barley, oat, and rye 
loans maturing during times of abnormal marketing conditions, as 
determined by CCC, to extend such loans beyond the maturity date 
specified in paragraph (a) of this section. If CCC determines that the 
commodity pledged as collateral for such loans cannot be marketed 
because of such abnormal marketing conditions, CCC may authorize such 
loans to be extended to a date that will allow affected producers to 
market such commodity in a normal manner.

    Signed in Washington, DC, on March 13, 1996.
Bruce R. Weber,
Acting Executive Vice President, Commodity Credit Corporation.
[FR Doc. 96-6774 Filed 3-20-96; 8:45 am]
BILLING CODE 3410-05-P