Quiero saber acerca de...

Tuesday, M a y 21, 1957

FEDERAL REGISTER

3501

d The beans must not contain mer for a farm-storage loan. He shall be eligible, however, to obtain a warehousecurial compounds or other substances storage loan or sign a purchase agree poisonous to m anor animals.
e Beans placed under warehousement.
2 A producer-owned and producerstorage loan or delivered under a pur Au t h o r it y : 421.2376 to 421.2388 Issued controlled cooperative marketing asso chase agreement must grade U. S. Choice under sec. 4, 62 Stat. 1070, as amended, 15 ciation of producers operating in good Handpicked, U. S. Extra No. 1, U. S. No.
U. S. C. 714b. Interpret or apply sec. 5, 62
faith as a cooperative under control of 1, or U. S. No. 2.
Stat. 1072J secs. 301, 401, 63 Stat. 1053; 15
f 1 Beans placed under farm -stor its producer members shall be deemed U. S. C. 714c; 7 U. S. C. 1447, 1421.
to be an eligible producer for warehouseage loan must meet the requirements set 1421.2376 Purpose. Sections 421.2376 storage loans and purchase agreements forth in paragraph e of this section for to 421.2388 prescribe additional specific on any class of eligible beans produced warehouse-storage loans and purchase regulations which, together with the gen by eligible producer-members, provided, agreements, or must be beans herein eral regulations contained in the 1957 i all beans of such class marketed or after referred to as thresher run C. C. C. Grain Price Support Bulletin 1 acquired by the association are produced beans which have not been commer 421.2201 to 421.2221 apply to loans by producer-members; ii the associa cially cleaned; which contain not in ex and purchase agreements under the tion does not release any such beans for cess of 18 percent moisture; which, after 1957-Crop Dry Edible Bean Price Sup the purpose of permitting producerdeduction of foreign material, contain port Program.
members to obtain individual price sup not more than 8 percent of other defects, as these terms are defined in the United 421.2377 Availability of price sup port loans or purchase agreements; iii port a Method of support. Price sup the proceeds of the eligible beans m ar States Standards for Beans; which are port will be available through farm - keted by the association are shared not musty, moldy, sour, heating, hot, storage and warehouse-storage loans and proportionately among the eligible pro weevily, materially weathered, or other through purchase agreements. Farm - ducer-members according to the class, wise of distinctly low quality; and which storage loans will not be available to quality and quantity of such beans each do not have any commercially objection cooperative marketing associations of delivers to the association; iy the asso able odor.
ciation has authority to obtain a loan on 2
I f offered as security for a farm producers.
v b Area. Farm-storage and ware the security of the beans and to give a storage loan, beans must have been house-storage loans and purchase agree lien thereon as well as authority to sell stored in the storage structure for at least 30 days prior to inspection for ments will be available wherever beans such beans.
3 All final determinations with re measurement, sainpling, and sealing, un of the eligible classes are grown in all States of the continental United States, spect to tjie eligibility of cooperative less otherwise approved by the State except that farm-storage loans will not i marketing associations of producers committee.
be available inareas where the State pursuant to this section shall be made by 421.2379 Warehouse receipts. W are committee determines the beans cannot the Executive Vice President, CCC, after house receipts, representing beans in ap securing recommendations of the ASC
be safely stored on the farm.
proved warehouse-storage to be placed c Where to apply. Application for State Committee.
under loan or to be delivered under a price support must be made at the office 421.2378
Eligible beans.
At the purchase agreement must meet the fol of the county committee which keeps the time the beans are placed under loan lowing requirements;
farm-program records for the farm. An or delivered under a purchase agree a Warehouse receipts must be issued eligible cooperative marketing associa ment, they must meet the following in the name of the producer or coopera tion of producers must make application requirements.
tive marketing association, must be prop at the county committee office for the a The beans must have been pro erly endorsed in blank so as to vest title county in which the principal office of the duced in the continental United States in the holder, and must be receipts is association is located unless the State in 1957 by an eligible producer.
sued by a warehouse approved by CCC
committee designates some other county b 1 The beneficial interest in the under CCC Form 28, Bean Storage ASC office.
beans must be in the producer tender Agreement. The receipts must be ne d When to apply. Loans and pur ing the beans for loan or for delivery gotiable and must cover eligible beans ac chase agreements will be available from under a purchase agreement and must tually in store in the warehouse.
the time of harvest through January 31, always have been in him or in him and a b In order to be acceptable under 1958, and the applicable documents must former producer whom he succeeded be the loan program, each warehouse re be signed by the producer and delivered fore the beans were harvested. In the ceipt, or the accompanying supplemental to the county committee not later than case of cooperative marketing associa certificate, must contain a statement that such date. Applicable documents in tions, the beneficial interest in the beans the beans are insured in accordance with clude the Producers Note and Loan must have been in the producers who CCC Form 28, Bean Storage Agree Agreement for warehouse-storage loans, delivered the beans to the association and ment, and I f such insurance was not the Producers Note and Supplemental must always have been in them or in effective as of the date of deposit of the Loan Agreement and the Commodity them and former producers whom they beans in the warehouse, the warehouse Chattel Mortgage for farm-storage loans, succeeded before the beans were har man must certify as to the effective date and the Purchase Agreement for pur vested.
of the insurance and that the beans are chase agreements.
2 To meet the requirements of sucin the warehouse and undamaged. The e Eligible producer. 1 An eligible cession to a former producer, the rights, insurance on commingled beans must be Producer shall be any individual, part responsibilities and interest of the for obtained by the warehouseman. Insur nership, association, corporation, estate, mer producer with respect to the farming ance on beans with respect to which the trust, or other business enterprise, or unit on which the beans were produced warehouseman does not guarantee quan legal entity, and wherever applicable, a shall have been substantially assumed tity and quality hereinafter called iden State, political subdivision of a State, or by the person claiming succession. Mere tity-preserved beans must be obtained any agency thereof producing eligible purchase of the crop prior to harvest, by either the producer or the warehouse beans in 1957 as landowner, landlord, without acquisition of any additional man. I f the insurance is obtained by the tenant, or sharecropper. Two or more interest in the farming unit, shall not producer, it must be assigned to the eligible producers may obtain a joint constitute succession. The county com warehouseman, with the consent of the loan on beans harvested by them if mittee shall determine whether the re insurance company, before a loan will stored in the same farm-storage facility. quirements with respect to succession be made and the warehouseman must In the case of joint loans, each person also certify that the insurance has been have been met.
signing the note shall be held jointly c The beans must be dry edible beans assigned to him with the consent of the and severally responsible for the loan.
Where the county office has experienced of the classes Pea, Medium White, Great insurance company. Insurance is not re difficulties in settling farm-storage loans Northern, Small White, Flat Small quired in order for warehouse receipts to with a producer, the county committee White, Pink, Small Red, Pinto, Red K id be purchased under the purchase agree ment program.
shall determine that he is not eligible ney, Large Lima and Baby Lima.
Dv 421.2386 Storage In transit.
421.2387 Delivery of beans under purchase agreements.
421.2388 Settlement.