[Federal Register Volume 71, Number 227 (Monday, November 27, 2006)]
[Notices]
[Pages 68529-68530]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-19974]


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DEPARTMENT OF AGRICULTURE

Commodity Credit Corporation


Farmer-Stock Peanuts Available for Sale in Online Auction

AGENCY: Commodity Credit Corporation, USDA.

ACTION: Notice.

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SUMMARY: The Commodity Credit Corporation (CCC) is announcing that the 
inventoried farmer-stock peanuts will be available for sale as 
unrestricted use on November 29, 2006 on the Internet at 
www.theseam.com.

EFFECTIVE DATE: November 27, 2006.

FOR FURTHER INFORMATION CONTACT: Jose Gonzalez, Inventory Program 
Manager, Warehouse and Inventory Division, Farm Service Agency, USDA, 
STOP 0553, 1400 Independence Avenue, SW., Washington, DC 20250-0553. 
Telephone: (202) 690-2534. E-mail: [email protected]. Persons 
with disabilities who require alternative means for communication 
(Braille, large print, audiotape, etc.) should contact the

[[Page 68530]]

USDA Target Center at (202) 720-2600 (voice and TDD).

SUPPLEMENTARY INFORMATION: CCC acquires farmer-stock peanuts through 
the forfeiture of marketing assistance loans obtained in accordance 
with the Farm Security and Rural Investment Act of 2002. CCC's general 
sales policy is to maximize the returns to the Corporation. The 
authority for selling CCC-owned peanuts is the CCC Charter Act and 
section 165 of the Federal Agriculture Improvement and Reform Act of 
1996. The regulations at 7 CFR, part 1402, contain CCC policy for 
certain commodities available for sale by CCC.
    CCC has contracted with The Seam, LLC, of Memphis, Tennessee to 
provide online marketing services to sell CCC-owned peanuts on the 
Internet. CCC will entertain offers from prospective buyers for the 
purchase of CCC-owned peanuts that are included in the inventory listed 
on The Seam's web site.
    CCC owns 41,925 tons of farmer-stock peanuts. The inventory is 
composed of the following: 24,329 tons of Runner-type; 10,546 tons of 
Spanish-type; 4,836 tons of Virginia-type; and 2,214 tons of Valencia-
type peanuts. The peanuts will be made available in an auction sale 
format in lieu of individual negotiated sales. All CCC inventoried 
peanuts will be available for sale as unrestricted use at 
www.theseam.com on November 29, 2006, from 10 a.m. to 12 p.m. Central 
Time (CT). This inventory will be made available for advance review 
only, from 9 a.m. to 4 p.m. CT, on November 27 and November 28, 2006. 
On November 29, 2006, an additional preview period will be provided 
from 9 a.m. to 10 a.m. CT. Any unsold CCC peanut inventory may be 
placed on The Seam's website at anytime following November 29, 2006, 
without prior notification to the public. Interested parties are 
encouraged to check The Seam's website on a regular basis for inventory 
that may be made available for sale.
    To participate in the online peanut sales, The Seam requires users 
to enter into a participation agreement. There are no commission 
charges to place bids online; however, successful bidders are charged a 
commission fee of $0.75 per ton for completed sales.
    Additional information on The Seam is available by contacting Kevin 
Brinkley, by telephone at (901) 374-0374, or by e-mail at 
[email protected] or Charles Garner at (478) 988-1125, or by 
e-mail at [email protected]
    Any questions about this notice may be directed to Jose Gonzalez by 
calling (202) 690-2534 or e-mail [email protected].

    Signed at Washington, DC, November 17, 2006.
Glen L. Keppy,
Acting Executive Vice President Commodity Credit Corporation.
 [FR Doc. E6-19974 Filed 11-24-06; 8:45 am]
BILLING CODE 3410-05-P