[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] ----------------------------------------------------------------------- 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. ----------------------------------------------------------------------- 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] ------------------------------------------------------------------------ Cents Kinds of tobacco per pound ------------------------------------------------------------------------ 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 ------------------------------------------------------------------------ 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