[Federal Register Volume 65, Number 115 (Wednesday, June 14, 2000)]
[Notices]
[Page 37358]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-14927]


 ========================================================================
 Notices
                                                 Federal Register
 ________________________________________________________________________
 
 This section of the FEDERAL REGISTER contains documents other than rules 
 or proposed rules that are applicable to the public. Notices of hearings 
 and investigations, committee meetings, agency decisions and rulings, 
 delegations of authority, filing of petitions and applications and agency 
 statements of organization and functions are examples of documents 
 appearing in this section.
 
 ========================================================================
 

  Federal Register / Vol. 65, No. 115 / Wednesday, June 14, 2000 / 
Notices  

[[Page 37358]]



DEPARTMENT OF AGRICULTURE

Commodity Credit Corporation


Upland Cotton Domestic User/Exporter Agreement

AGENCY: Commodity Credit Corporation, USDA.

ACTION: Notice.

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

SUMMARY: The purpose of this notice is to advise current and potential 
Upland Cotton Domestic User/Exporter Agreement (Step 2 Agreement) 
holders and other interested parties of the implementation and 
effective date of new payment rates for reginned motes and loose cotton 
under the program authorized by the Federal Agriculture Improvement and 
Reform Act of 1996, as amended.

EFFECTIVE DATE: May 5, 2000.

FOR FURTHER INFORMATION CONTACT: Barry Klein, Warehouse and Inventory 
Division, Farm Service Agency, United States Department of Agriculture, 
1400 Independence Avenue, SW, STOP 0553, Washington, DC 20250-0553, 
telephone (202) 720-4647, or FAX (202) 690-0014, E-Mail: 
[email protected].

SUPPLEMENTARY INFORMATION:
    Under the current Step 2 Agreement reginned motes are eligible for 
payments at 40 percent of the full payment rate for baled lint cotton. 
Loose cotton is currently paid at 75 percent of the full payment rate. 
Due to unusual current market conditions, the Commodity Credit 
Corporation, will for reginned motes and loose cotton pay until further 
notice, 100 percent of the Step 2 payment rate for baled lint cotton. 
All current Step 2 Agreement holders have received actual notice of 
this change and were required to return an amended Step 2 Agreement by 
June 2, 2000, to qualify for these new rates. Interested parties 
without a current Step 2 Agreement should contact Mr. Klein at the 
above address. Persons executing a new Step 2 Agreement will receive 
the new rates applicable to reginned motes and loose cotton. Electronic 
copies of all current Step 2 dispatches are available on the World Wide 
Web at www.fsa.usda.gov/daco/step2.

    Signed at Washington, DC, on June 6, 2000.
Parks Shackelford,
Acting Executive Vice President, Commodity Credit Corporation.
[FR Doc. 00-14927 Filed 6-13-00; 8:45 am]
BILLING CODE 3410-05-P