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Thursday, A u g u s t 15, 1957
Value F actors
Group I
II
III
IV
V

VI

foe
H ead
and
Rough rice class or variety
FEDERAL REGISTER

B eoken B ice Head Rice
Bro ken rice
Patna except the variety Century Patna, and Rexoro except the variety Rexark. $0.0997 $0.035
Blue Bonnet, Nira, and .035
Rexark________i -------- ----- .0947
.035
.0877
Toro_____ -.1 ------------ Century Patna, Fortuna, R.
.035
N. and E dith------ ------------ .0847
Blue Rose including the varieties Improved Blue Rose, Greater Blue Rose, Kamrose and Arkrose,
Magnolia, Zenith, Prelude, .035
Lady Wright, and N ato----- .0767
Pearl, Calrose, Early Prolific, .035
Calady, and other varieties.. .0702

Sec. 4, 62 Stat. 170, as amended; 15 U. S. C.
714b. Interpret or apply sec. 5, 62 Stat. 1072, secs. 101, 401, 63 Stat. 1051, 1054; 15 U. S. C.
714c, 7 U. S. C. 1421, 1441

Issued this 12th day of August 1957.
seal C larence L. M iller , Acting Executive Vice President, Commodity Credit Corporation.
F. R. Doc. 57-6704; Filed, Aug. 14, 1957;
8:45 a. m.

P art 446P eanuts
SUBPART 1957 CROP PEANUT PRICE SUPPORT
PROGRAM

This bulletin hereinafter called sub part contains the regulations applicable to the 1957 crbp Peanut Price Support Program, under which the Secretary of Agriculture makes price support avail able through the Commodity Credit Cor poration and the Commodity Stabiliza tion Service hereinafter referred to as CCC and CSS respectively.
Sec.
446.901
446.902
446.903
446.904
446.905
446.906
446.907
446.908
446.909
446.910
446.911
446.912
446.913
446.914
446.915
446.916
446.917
446.918
446.919
446.920
446.921
446.922
446.923
" 446.924
446.925
446.926
446.927
446.928
446.929
446.930
446.931
446.932

Administration.
Availability.
Methods of price support.
Definitions.
Support prices.
Price support schedule.

Eligible peanuts.
Eligible producer.
Determination of type and grade.
Approved lending agencies.
Service charges and fees.
Interest rate.
Personal liability of the borrower.
Payments and collections; amounts not exceeding $3.00.
Setoffs.
Purchase of notes.
Foreclosure.
Farm storage loan provisions.
Loans to associations.
Purchase of No. 2 shelled peanuts.
Eligibility requirements for No. 2
peanuts.
Shellers agreement to service pro ducers and the association.
Period in which offers will be accepted.
Minimum quantity and terms of offer.
Inspecting, grading, sealing, and rejecting No. 2 peanuts.
Net weight of No. 2 peanuts.
Delivery and passage of title.
Payment for No. 2 peanuts.
Records and reports.
Assignment.
Officials not to benefit.
Contingent fees.

Authobitt: S 446.901 to 446.932 issued under sec. 4, 62 Stat. 1070, as amended; 15
U. S. C. 714b. Interpret or apply sec. 5, 62
Stat. 1072, secs., 101, 401, 63 Stat. 1051, 1054;
sec. 201, 68 Stat. 899; 15 U. S. C. 714c. 7
U. S. C. 1441, 1421.

6551

signed to them unless the context or subject matter otherwise requires.
a Association. A group of producers organized in accordance with the provi sions of the Capper-Volstead Act, for the purpose of handling agricultural prod 446.901 Administration, a T h e ucts for and on behalf of its producer program will be administered by the Oils members, which qualifies as a coopera and Peanut Division, CSS, under the tive in the State s in which it func general direction and supervision of the tions, is approved by CCC, and meets Executive Vice President, CCC. In the the following requirements.
field the program will be carried out by 1
The major portion of the peanuts Agricultural Stabilization and Conser handled by the association is delivered vation State Committees and by Agricul to the association by producer members;
tural Stabilization and Conservation 2 The members and any non-mem Comity Committees hereinafter called bers for whom the association handles State and county committees and the peanuts have a right to share pro rata Dallas CSS Commodity Office herein in the profits made from handling pea after called the commodity office. State nuts;
and county committees and the com 3 The association has the legal right modity office do not have authority to to pledge or mortgage the peanuts which modify or waive any of the provisions of it receives from producers who have no this subpart or any amendments or sup right to redeem or obtain possession of plements thereto.
their peanuts after delivery to the as . b Associations operating under an sociation;
Association Loan and Handling Agree 4 The manager of the association ment CCC Peanut Form 27 1957 with must not be engaged in the business of CCC hereinafter referred to as an buying, selling, storing, or dealing in Agreement with CCC may receive, ar peanuts, other than in his capacity as range for storage and handle eligible manager of the association or as a pro peanuts for and on behalf of eligible pro ducer; and ducers, using such peanuts as collateral 5 The association shall maintain for a loan made available by CCC.
such accounts and records as CCC may 446.902 Availabilitya A r e a s . prescribe.
b County office. The office of the The program will be available in the fol ASC county committee where records lowing areas:
1 The Southeastern area consisting for the farm are kept.
c Farm. A farm as defined in the of the States of Alabama, Georgia, Mis sissippi, Florida, and that part of South marketing quota regulations which in Carolina south and west of the Santeegeneral defines a farm as all adjacent or nearby farmland which is operated as .Congaree-Broad Rivers.
2 The Southwestern area consisting one farming unit.
d Farm allotment. The effective of the States of Arizona, Arkansas, Cali fornia, Louisiana, New Mexico, Okla farm allotment for the 1957 crop of pea nuts as defined in the marketing quota homa, and Texas.
3 The Virginia-Carolina area con regulations.
e Farmers stock peanuts. Picked sisting of the States of Missouri, North Carolina, Tennessee, Virginia, and that or threshed peanuts produced in the con part of South Carolina north and east of tinental United States during the calen dar year 1957, which have not been the Santee-CongareC-Broad Rivers.
b Time. L o a n s will be madeshelled, crushed, cleaned except for re through January 31, 1958, and will ma moval of foreign material, or otherwise nure on May 31,1958, or such earlier date changed from the state in which picked as may be specified by CCC: Provided, or threshed peanuts are customarily however, That CCC may extend the ma marketed by producers.
f Farm peanut acreage. The 1957
turity date beyond May 31, 1958. All farm storage loan documents must be farm peanut acreage determined in ac dated and delivered to the county office cordance with the marketing quota regu on or before January 31, 1958. Ware lations which in general defines such house receipts for peanuts delivered to acreage as the total acreage of peanuts an association operating under an agree on the farm which is picked or threshed.
g Lot. That quantity of peanuts ment with CCC must show that the pea nuts were received in the warehouse not for which one inspection memorandum later than January 31, 1958, and must is issued.
have been issued within two business h Marketing q u o t a regulations.
days after the peanuts were received in The Allotment and Marketing Quota the warehouse.
Regulations for peanuts of 1957 and Sub 446.903 Methods of price support. sequent Crops issued by the Acting Sec CCC will support the price of eligible retary of Agriculture, including any 1957 crop quota peanuts through non amendments or supplements thereto 21
recourse farm storage loans to eligible F. R. 9370.
i Net weight. That weight obtained producers and non-recourse warehouse storage Joans to associations operating by multiplying the gross weight by a per under an agreement with CCC.
centage equal to J00 percent minus the 446.904 Definitions. As used in this sum of the percentages of 1 foreign subpart and in instructions and docu material and 2 moisture in excess of ments in connection therewith, the 7 percent in the Southeastern and words and phrases defined in this sec Southwestern areas or 8 percent in the tion shall have the meanings herein asVirginia-Carolina area.