[Federal Register Volume 62, Number 114 (Friday, June 13, 1997)]
[Notices]
[Pages 32285-32286]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-15582]
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DEPARTMENT OF AGRICULTURE
Farm Service Agency
1997-1998 Marketing Year Penalty Rates for All Kinds of Tobacco
Subject to Quotas
AGENCY: Farm Service Agency, USDA.
ACTION: Notice.
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SUMMARY: This notice sets forth the determination of the 1997-1998
marketing year penalty rate for excess tobacco for all kinds of tobacco
subject to marketing quotas. In accordance with section 314 of the
Agricultural Adjustment Act of 1938, as amended, (the 1938 Act)
marketing quota penalty for a kind of tobacco is assessed at the rate
of 75 percent of the average market price for that kind of tobacco for
the immediately preceding marketing year.
EFFECTIVE DATE: June 13, 1997.
ADDRESSES: Farm Service Agency (FSA), Tobacco and Peanuts Division,
STOP 0514, 1400 Independence Avenue, SW, Washington, DC 20250-0514.
[[Page 32286]]
FOR FURTHER INFORMATION CONTACT: Misty L. Jones, Tobacco and Peanuts
Division, telephone (202) 720-0200.
Discussion
Section 314 of the 1938 Act, provides that the rate of penalty per
pound for a kind of tobacco that is subject to marketing quotas shall
be 75 percent of the average market price for such tobacco for the
immediately preceding marketing year.
The Agricultural Statistics Board, National Agricultural
Statistical Service (NASS), USDA, determines and announces annually the
average market prices for each type of tobacco.
The penalty rates for the 1997-1998 marketing year have been
determined based on the average market prices as published, by NASS in
its May 12, 1997, Crop Production report.
Since the determination of the 1997-1998 marketing year rates of
penalty reflect only mathematical computations which are required to be
made in accordance with a statutory formula, it has been determined
that no further public rulemaking is required.
Determination
Accordingly, it is determined that the 1997-1998 marketing year
rates of penalty for kinds of tobacco subject to marketing quotas are
as follows:
Rate of Penalty
[1997-1998 Marketing Year]
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Cents
Kinds of tobacco per
pound
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Flue-Cured..................................................... 138
Burley......................................................... 144
Fire-Cured (Type 21)........................................... 134
Fire-Cured (Types 22 and 23)................................... 168
Dark Air-Cured (Types 35 and 36)............................... 153
Virginia Sun-Cured (Type 37)................................... 134
Cigar Filler and Binder (Types 42-44, 54 and 55)............... 111
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Signed at Washington, DC, on June 8, 1997.
Bruce R. Weber,
Acting Administrator, Farm Service Agency.
[FR Doc. 97-15582 Filed 6-12-97; 8:45 am]
BILLING CODE 3410-05-P