2008-Crop Marketing Assistance Loans and Loan Deficiency Payments for Cotton and Peanuts, 43400 [E8-17001]

Download as PDF 43400 Federal Register / Vol. 73, No. 144 / Friday, July 25, 2008 / Notices USDA’s efforts to respond to the suspected or confirmed compromise and prevent, minimize, or remedy such harm. STORAGE: Records are maintained in software applications, and some information is also stored in file folders. * * * * * USDA/OIG–7 SYSTEM NAME: Freedom of Information Act and Privacy Act Request Records, USDA/ OIG. * * * * * ROUTINE USES OF RECORDS MAINTAINED IN THE SYSTEM, INCLUDING CATEGORIES OF USERS AND THE PURPOSES OF SUCH: * * * * * 16. To appropriate agencies, entities, and persons when (1) OIG suspects or has confirmed that the security or confidentiality of information in the system of records has been compromised; (2) USDA has determined that as a result of the suspected or confirmed compromise there is a risk of harm to economic or property interests, identity theft or fraud, or harm to the security or integrity of this system or other systems or programs (whether maintained by USDA or another agency or entity) that rely upon the compromised information; and (3) the disclosure made to such agencies, entities, and persons is reasonably necessary to assist in connection with USDA’s efforts to respond to the suspected or confirmed compromise and prevent, minimize, or remedy such harm. STORAGE: Records are maintained in software applications, and some information is also stored in file folders. * * * * * [FR Doc. E8–17052 Filed 7–24–08; 8:45 am] BILLING CODE 3410–23–P DEPARTMENT OF AGRICULTURE Commodity Credit Corporation mstockstill on PROD1PC66 with NOTICES 2008-Crop Marketing Assistance Loans and Loan Deficiency Payments for Cotton and Peanuts Commodity Credit Corporation, USDA. ACTION: Notice. AGENCY: SUMMARY: As announced by this notice, the Commodity Credit Corporation (CCC) is implementing provisions of the VerDate Aug<31>2005 17:15 Jul 24, 2008 Jkt 214001 Food, Conservation, and Energy Act of 2008 (2008 Farm Bill) regarding Marketing Assistance Loans (MAL) and Loan Deficiency Payments (LDP) for 2008 crop cotton and peanuts. The 2008 Farm Bill authorizes the continuation of the MAL and LDP programs for the 2008 through 2012 crops. This notice specifies how CCC will administer 2008 crop MAL and LDP provisions. DATES: Effective Date: July 25, 2008 FOR FURTHER INFORMATION CONTACT: Candace Thompson, Director, Price Support Division, Farm Service Agency, USDA, STOP 0512, 1400 Independence Avenue, SW., Washington, DC 20250– 0512; telephone: (202) 720–7901 or fax: (202) 690–3307; e-mail: candy.thompson@wdc.usda.gov. Persons with disabilities who require alternative means for communication (Braille, large print, audiotape, etc.) should contact the USDA Target Center at (202) 720–2600 (voice and TDD). SUPPLEMENTARY INFORMATION: CCC administers a loan program, including MAL and LDP, that provides short-term financing to allow farmers to pay their bills soon after harvest and to facilitate orderly marketing throughout the rest of the year. The loan program also provides significant income support when market prices are below statutory loan rates. Currently, regulations in 7 CFR parts 1421, 1425, and 1427 cover MAL and LDP provisions for the 2002 through 2007 crop years. The 2008 Farm Bill (Pub. L. 110–246) authorizes the continuation of MAL and LDP for cotton and peanuts for the 2008 through 2012 crops. With the pending harvest of 2008crop cotton and peanuts, this notice announces that CCC will, with the exceptions noted below, immediately implement MAL and LDP provisions for 2008-crop cotton and peanuts based on the regulations that applied to the 2007 crop and appeared in: • 7 CFR part 1421, Grains and Similarly Handled Commodities— Marketing Assistance Loans and Loan Deficiency Payments for the 2002 through 2007 Crop Years; • 7 CFR part 1425, Cooperative Marketing Associations; and • 7 CFR part 1427, Cotton. To address the 2008 exceptions and for the 2009 through 2012 crops, CCC will amend the applicable regulations to reflect changes required by the 2008 Farm Bill including the fine count adjustment, storage credit rates, and transportation costs. The 2008 exceptions are as follows. For cotton, the calculation of the prevailing world market price, for repayment purposes, will continue to be calculated as PO 00000 Frm 00003 Fmt 4703 Sfmt 4703 specified in the current regulations. Also, for cotton, storage payments will be allowed to the extent permitted in the current regulations. For peanuts, handling and storage costs will be allowed to the extent permitted in the current regulations. These three 2008 exceptions will be changed later to implement the requirements of the 2008 Farm Bill through rulemaking instead of being made effective now because the software development required to implement the changes is not immediately available. Additionally, CCC revised regulations, effective on May 23, 2008 (73 FR 30274–30277, final rule published May 27, 2008) providing that Far East prices will be used instead of Northern Europe prices in determining the upland cotton adjusted world price (AWP). The revised AWP calculation applies to the 2007 through the 2012 crops of upland cotton. Environmental Review FSA has determined that these changes would not constitute a major Federal action that would significantly affect the quality of the human environment. Therefore, in accordance with the provisions of the National Environmental Policy Act (NEPA), 42 U.S.C. 4321–4347, the regulations of the Council on Environmental Quality (40 CFR parts 1500–1508), and FSA regulations for compliance with NEPA (7 CFR part 799), no environmental assessment or environmental impact statement will be prepared. Signed at Washington, DC on July 21, 2008. Teresa C. Lasseter, Executive Vice President, Commodity Credit Corporation. [FR Doc. E8–17001 Filed 7–24–08; 8:45 am] BILLING CODE 3410–05–P DEPARTMENT OF AGRICULTURE Forest Service Genesis Inc. 2009 Exploration Drilling Project; Kootenai National Forest, Lincoln County, MT Forest Service, USDA. Notice of intent to prepare an environmental impact statement. AGENCY: ACTION: SUMMARY: The Department of Agriculture, Forest Service, Kootenai National Forest will prepare an environmental impact statement (EIS) to document the analysis and disclose the environmental impacts of the proposed action to conduct a helicopter-assisted exploration drilling project near Troy, Montana. Genesis, Inc. submitted a E:\FR\FM\25JYN1.SGM 25JYN1

Agencies

[Federal Register Volume 73, Number 144 (Friday, July 25, 2008)]
[Notices]
[Page 43400]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-17001]


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DEPARTMENT OF AGRICULTURE

Commodity Credit Corporation


2008-Crop Marketing Assistance Loans and Loan Deficiency Payments 
for Cotton and Peanuts

AGENCY: Commodity Credit Corporation, USDA.

ACTION: Notice.

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

SUMMARY: As announced by this notice, the Commodity Credit Corporation 
(CCC) is implementing provisions of the Food, Conservation, and Energy 
Act of 2008 (2008 Farm Bill) regarding Marketing Assistance Loans (MAL) 
and Loan Deficiency Payments (LDP) for 2008 crop cotton and peanuts. 
The 2008 Farm Bill authorizes the continuation of the MAL and LDP 
programs for the 2008 through 2012 crops. This notice specifies how CCC 
will administer 2008 crop MAL and LDP provisions.

DATES: Effective Date: July 25, 2008

FOR FURTHER INFORMATION CONTACT: Candace Thompson, Director, Price 
Support Division, Farm Service Agency, USDA, STOP 0512, 1400 
Independence Avenue, SW., Washington, DC 20250-0512; telephone: (202) 
720-7901 or fax: (202) 690-3307; e-mail: candy.thompson@wdc.usda.gov. 
Persons with disabilities who require alternative means for 
communication (Braille, large print, audiotape, etc.) should contact 
the USDA Target Center at (202) 720-2600 (voice and TDD).

SUPPLEMENTARY INFORMATION: CCC administers a loan program, including 
MAL and LDP, that provides short-term financing to allow farmers to pay 
their bills soon after harvest and to facilitate orderly marketing 
throughout the rest of the year. The loan program also provides 
significant income support when market prices are below statutory loan 
rates. Currently, regulations in 7 CFR parts 1421, 1425, and 1427 cover 
MAL and LDP provisions for the 2002 through 2007 crop years.
    The 2008 Farm Bill (Pub. L. 110-246) authorizes the continuation of 
MAL and LDP for cotton and peanuts for the 2008 through 2012 crops.
    With the pending harvest of 2008-crop cotton and peanuts, this 
notice announces that CCC will, with the exceptions noted below, 
immediately implement MAL and LDP provisions for 2008-crop cotton and 
peanuts based on the regulations that applied to the 2007 crop and 
appeared in:
     7 CFR part 1421, Grains and Similarly Handled 
Commodities--Marketing Assistance Loans and Loan Deficiency Payments 
for the 2002 through 2007 Crop Years;
     7 CFR part 1425, Cooperative Marketing Associations; and
     7 CFR part 1427, Cotton.
    To address the 2008 exceptions and for the 2009 through 2012 crops, 
CCC will amend the applicable regulations to reflect changes required 
by the 2008 Farm Bill including the fine count adjustment, storage 
credit rates, and transportation costs. The 2008 exceptions are as 
follows. For cotton, the calculation of the prevailing world market 
price, for repayment purposes, will continue to be calculated as 
specified in the current regulations. Also, for cotton, storage 
payments will be allowed to the extent permitted in the current 
regulations. For peanuts, handling and storage costs will be allowed to 
the extent permitted in the current regulations. These three 2008 
exceptions will be changed later to implement the requirements of the 
2008 Farm Bill through rulemaking instead of being made effective now 
because the software development required to implement the changes is 
not immediately available.
    Additionally, CCC revised regulations, effective on May 23, 2008 
(73 FR 30274-30277, final rule published May 27, 2008) providing that 
Far East prices will be used instead of Northern Europe prices in 
determining the upland cotton adjusted world price (AWP). The revised 
AWP calculation applies to the 2007 through the 2012 crops of upland 
cotton.

Environmental Review

    FSA has determined that these changes would not constitute a major 
Federal action that would significantly affect the quality of the human 
environment. Therefore, in accordance with the provisions of the 
National Environmental Policy Act (NEPA), 42 U.S.C. 4321-4347, the 
regulations of the Council on Environmental Quality (40 CFR parts 1500-
1508), and FSA regulations for compliance with NEPA (7 CFR part 799), 
no environmental assessment or environmental impact statement will be 
prepared.

    Signed at Washington, DC on July 21, 2008.
Teresa C. Lasseter,
Executive Vice President, Commodity Credit Corporation.
[FR Doc. E8-17001 Filed 7-24-08; 8:45 am]
BILLING CODE 3410-05-P