Federal Register - September 7, 1956
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Source: Federal Register
O N A U
FEDERA
EGISTEB
VOLUME 21
o m to
,
N U M BER 174
,
Washington Friday September 7, 1956
TITLE 6 AGRICULTURAL CREDIT
Chapter IV Commodify Stabilization Service and Commodify Credit Cor poration, Department of Agricul ture Subchapter B Loans, Purchases and Other Operations
11956 C. C. C. Grain Price Support Bulletin 1, Supp. 1, Amdt. 1, W heat P art
421 G rains
and
R elated
C om m o d ities S ubpart 1956-C rop W heat L oan and
P urchase Agreement P rogram SETTLEMENT VALUE
The regulations issued by the Com modity Credit Corporation and the Com modity Stabilization Service, published 21 P. R. 4000 and 5560, and containing the specific requirements of the 1956crop wheat price support program are amended to prescribe additional pur chase agreement provisions under the program.
Section 421.1645 a is amended by deleting subparagraph 2 and inserting a new subparagraph 2 which reads as follows:
421.1645 S ettlem en t a S ettlemenkiMlue.
2 The provisions of this subpara graph, together with applicable provi sions of the 1956 C. C. C. Grain Price Support Bulletin 1, and Supplements 1
and 2, Wheat, constitute the regulations applicable to purchase agreement opera tions under the 1956-crop wheat price support program.
i The producer who signs a purchase agreement Commodity Purchase Form wil1 not be obligated to sell any quan tity of the wheat to CCC. However, he niay sell to CCC any quantity of the eli gible wheat not in excess of the quantity stated in the purchase agreement. If the Producer who signs a purchase agreement wishes to sell the wheat to CCC, he will nave a 30-day period during which he must notify the county committee in writing of his intentions to sell. Such Period shall end on the applicable loan maturity date or such earlier date as may be prescribed by the Executive Vice President, CCC.
ii In the case of eligible wheat stored commingled in an approved warehouse, the producer must, not later than the day following the final date of such 30-day period, or during such period of time thereafter as may be specified by the county committee, submit to the office of the county committee warehouse receipts under which the warehouseman guaran tees quality and quantity, for the quan tity of wheat he elects to sell to CCC.
Such wheat will be purchased, on the basis of the weight, grade, and oth lr quality factors shown on the warehouse receipts and/or accompanying docu ments at the applicable support rate de termined in accordance with 421.1618
d.
iii Where the producer has given written notice within the 30-day period prior to the applicable loan maturity date of his intent to sell his wheat stored in other than an approved warehouse under purchase agreement to CCC, an inspection of the wheat shall be made arid a sample taken and submitted for grade analysis within the 30-day period and, in any event, prior to delivery of the wheat. If the wheat, on the basis of the pre-delivery inspection, is of a quality which meets the requirements for a farm-storage loan, the county com mittee will issue delivery instructions on or after the final date of the 30-day pe riod or the date of inspection, whichever is later. The producer must then com plete delivery within the 15-day period immediately following the date the county committee issues delivery instruc tions, unless the county committee de termines that more time is needed for delivery. . Upon delivery of eligible wheat to CCC ,the wheat shall be rein spected, and settlement shall be made at the applicable support rate for the grade and quality of the quantity of wheat eligible for delivery on the basis of such reinspection. Such support rate shall be determined in accordance with 421.1618 d>. If wheat which was eligible a t the time of the pre-delivery inspection is, upon delivery, of a grade or quality for which no support rate has been established, the settlement value shall be computed at the support rate established for the grade and quality of the eligible wheat as determined a t the Continued on next page
CONTENTS
Agricultural Marketing Service
Page
Proposed rule making:
Milk, Appalachian, T ri-S ta te and Bluefield marketing areas; handling____________
Rules and regulations :
Milk, Fall River, Mass., market ing area ; order suspending certain provisions___________
6767
6748
Agricultural Research Service Proposed rule making:
National poultry and turkey improvement plans__________
Rules and regulations:
>
Hog cholera, swine plague, and other communicable swine diseases; changes in areas quarantined________________
6790
6748
Agriculture Department S ee Agricultural Marketing Serv ice;
Agricultural Research Service ;
Commodity Credit Corporation.
Alien Property Office Notices :
Vesting orders:
First Hungarian General As surance Co_______________
Francia-M agyar Pamutipar, R . T _______________, _____
Prague Credit Bank, Bucha rest, Roumania___ ________
Prague Credit vBank, Sofia, Bulgaria______ _t _________
6799
6800
6800
6800
Commerce Department S ee also Federal Maritime Board.
Rules and regulations :
Aeronautical fixed communica tions; acceptance of reserva tion messages pertaining to flights scheduled to depart within 72 hours_____________
6749
Commodity Credit Corporation Rules and regulations :
Loan and purchase agreement program, 1956-crop:
Barley______________________
Flaxseed____________________
Oats______________; _
W heat_________________
Wheat and wheat-flour export payment program IWA ;
1956-57 program, terms and conditions_____ ____________
6743
6745
6747
6746
6743
6748