Federal Register - July 20, 1950
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Source: Federal Register
VOLUME 15
NUMBER 139
Washington, Thursday, July 20, 1950
TITLE 6 AGRICULTURAL CREDIT
Chapter IV Production and Market ing Administration and Commodity Credit Corporation, Department of Agriculture Subchapter C Loans, Purchases, and Other Operations 1950 C. C. C. Grain Price Support Bulletin 1, Supp. 1, Hay and Pasture Seed P art
601 G r a in s
and
R elated
C o m m o d it ie s STTBPART 1950 PRICE SUPPORT PROGRAMS
FOR GRAINS AND RELATED COMMODITIES
A price support program has been an nounced for the 1950 crop of hay and pasture seeds named in 601.230. The 1950 CCC Grain Price Support Bulletin 1 15 P. R. 3147 issued by Commodity Credit Corporation and containing the general requirements with respect to price support operations for grains and related commodities produced in 1950, is supplemented as follows:
Sec.
601.221
601.222
601.223
601.224
601.225
601.226
601.227,
Purpose.
Availability of price support.
Eligible seed.
Warehouse receipts.
Determination of quantity.
Determination of quality.
Loss or damage to seed under farm storage loan.
601.228 Warehouse ahd other charges.
601.229 Maturity of loans.
601.230 Schedule of basic specifications and rates.
601.231 Delivery of seed to CCC.
601.232 Settlement.
A u th o r ity : 601.221 to 601.232 issued under sec. 4, 62 Stat. 1070; 15 U. S. C. Sup., 714b. Interpret or apply sec. 5, 62 Stat. 1072, Titles III, IV, Pub. Law 439, 81st Cong.; 15
U. S. C. Sup., 714c.
601.221 Purpose. This supplement states additional specific requirements which, together with those contained in the 1950 C. C. C. Grain Price Support Bulletin 1, apply to loans and purchase agreements for producers under the 1950 Crop Hay and Pasture Seed Price Support Program.
601.222 Availability of price sup port a Method of support. Price sup port will be available to producers
through nonrecourse farm-storage and warehouse-storage loans and through purchase agreements for all seeds listed in 601.230.
b Area. Farm-storage and ware house-storage loans and purchase agree ments will be available to producers wherever any of the seeds listed in 601.230 are grown in the United States, except that farm-storage loans will not be available in areas where the State PMA committee determines that seeds cannot be stored safely on the farm.
c Where to apply. Applications for price support on seeds must be made by the producer at the office of the PMA
county committee which keeps the farmprogram records for the farm.
d When to apply. Loans and pur chase agreements will be available to producers from the time of harvest through January 31, 1951, and the ap plicable documents must be signed by the producer and delivered to the county committee not later than such date.
Disbursements under the loan program will be made not later than March 15, 1951, unless specially approved by CCC
in each instance.
e Eligible producer. An eligible pro ducer shall be any individual, partner ship, association, corporation, or other legal entity producing seed listed in 601.230 in 1950, as landowner, land lord, tenant, or sharecropper.
Cooperative marketing associations of producers shall be eligible for loans and purchase agreements: Provided, That, 1 the producer members are bound by contract to market through the asso ciation; 2 the major part of the seed marketed by the association is produced by members who are eligible producers;
3 the members share proportionately in the proceeds from marketings ac cording to the quantity and quality of seed each delivers to the association;
4 the seed purchased from nonmem bers is segregated sufficiently to assure that the seed placed under loan or de livered under a purchase agreement ac curately reflects the quantity and quality of seed grown by producer members;
and, 5 the association has the legal right to pledge or mortgage the seed as security for a loan.
Continued on next page
CONTENTS
Agriculture Department See Commodity Credit Corpora tion; Production and Market ing Administration.
Alien Property, Office of Notices:
Vesting orders, etc.:
Bitz, Morris________________
Carlo Crespi fu Antonio_____
Fiederer.Mrs. Anna Schwartz, Kunz, Barbara____________
Kyogoku, Eto, et al__ _______
Monarski, Monica, et al_____
Odin, Mrs. Tome Mizuno_____
Sippell-Prumers, L.; correc tion________________ ______
Trefileries et Laminoirs du Havre_____________________
Wulff, Anna Marie Elise, et al>
4667
4668
4668
4666
4668
4666
4667
4666
4668
4666
Civil Aeronautics Administra tion Rules and regulations:
Airways, civil, designation; mis cellaneous amendments_____
Areas, control, control zones, and reporting points; miscel laneous amendments________
4631
4632
Commerce Department See Civil Aeronautics AdminiS
tration.
Commodity Credit Corporation Rules and regulations:
Beans, dry edible; 1949-crop price support program_______ 4630
Loan and purchase agreement program, 1950-crop:
Oats____________________
4621
Price support programs for grains and related commod ities__________________
4613
Rye___________________ _____ 4626
Sorghums, grain____________ 4617
Federal Power Commission Notices:
Hearings, etc.:
Lewis, Arthur E., et al_______
McDevitt, Vincent P., et al___
Southern Natural Gas Co__
Southern Natural Gas Co.
et al____________
4613
4663
4663
4663
4663
