Commodity Credit Corporation May 2008 – Federal Register Recent Federal Regulation Documents
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Conservation Reserve Program; Critical Feed Use
The Commodity Credit Corporation (CCC) announces the opportunity to allow Conservation Reserve Program (CRP) participants with certain established vegetative cover to voluntarily modify the CRP contract to utilize certain CRP land enrolled for a critical feed use this year without a rental reduction. Producers will be required to obtain a modified conservation plan to include, among other things, haying or grazing of the established cover.
Cotton World Price Determination
The Commodity Credit Corporation (CCC) is revising the Upland Cotton regulations to use Far East prices instead of Northern Europe prices in determining the upland cotton adjusted world price (AWP). The change is being made because of changes in the market and in the available price data. The AWP is used to determine repayment rates for marketing assistance loans (MAL) and to establish loan deficiency payments (LDP).
Public Hearing on New Entrant's 2008-Crop Cane Sugar Marketing Allocation
The Commodity Credit Corporation (CCC) issues this notice to advise sugarcane processors and growers that they may request a public hearing as a result of an application made by a new sugarcane processor, Andino Energy Enterprises, L.L.C., for a cane sugar allocation starting with the 2008 crop year. Andino Energy Enterprises, L.L.C., is requesting a 2008-crop year allocation of 50,000 short tons, raw value (STRV), with annual increases in its allocation to 60,000, 80,000, 100,000 and 120,000 STRV, for crop years 2009, 2010, 2011 and 2012, respectively. The new processor will be located in Louisiana, an existing mainland State in the CCC sugar marketing allotment program. If CCC receives a request for a hearing, CCC will conduct a hearing.
Conservation Security Program; Correction
NRCS and CCC published in the Federal Register on April 10, 2008, (73 FR 19456), a document stating ``Notice of the Conservation Security Program, (CSP-08-01) sign up.'' This notice extends the sign- up period end date from May 16, 2008, to May 30, 2008, in the SUMMARY and SUPPLEMENTARY INFORMATION sections of the previously published document.
In-Handling Charges for Commodities Pledged as Collateral for Marketing Assistance Loan
The Commodity Credit Corporation (CCC) will discontinue reimbursing producers or warehouse operators for in-handling charges. This begins with the 2008-crop for all commodities except cotton. Producers must pay or provide for all in-handling charges on warehouse- stored commodities before CCC will accept commodities as collateral for a warehouse-stored marketing assistance loan. Also, producers must pay or provide for the payment of in-handling charges for farm-stored commodities that are delivered to a warehouse in settlement of a farm- stored marketing assistance loan.
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