Federal Register - March 5, 1959
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Source: Federal Register
r r n r n ii
LDLHAL
VOLUME 24
REGISTER
1934
N l TED
NUMBER 44
Washington, Thursday, March 5, 1959
Title 6 AGRICULTURAL
CREDIT t Chapter IV Commodity Stabilization Service and Commodity Credit Cor poration, Department of Agriculture SUBCHAPTER B LOANS, PURCHASES AND
OTHER OPERATIONS
C.C.C.
Grain Price Support Bulletin 1, 1959
Supp, 1, Wheat
PART 421-GRAINS AND RELATED
COMMODITIES
Subpart 1959-Crop Wheat Loan and Purchase Agreement Program A price support program has been an nounced for the 1959 crop of wheat. The C.C.C. Grain Price Support Bulletin 1
23 F.R. 9651, issued by the Commodity Credit Corporation and containing the regulations of a general nature with re spect to price support operations forcertain grains and other commodities pro duced in 1959 and subsequent years is supplemented as follows:
Sec.
421.4036
421.4037
421.4038
421.4039
421.4040
421.4041
421.4042
421.4043
421.4044
421.4045
Purpose.
Availability of price support.
Eligible wheat.
Warehouse receipts.
Determination of quantity.
Determination of quality.
Maturity of loans.
Determination of support rates.
Warehouse charges.
Inspection of wheat under pur chase agreement.
421.4046 Settlement.
Au t h o r ity : 4 2 1 .4 0 3 6 t o 421 .4 0 4 6 issued nnder 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;
15 U.S.C. 714c, 7 U.S.C. 1441, 1421.
421.4036 Purpose.
Sections 421.4036 to 421.4046 state ad ditional specific requirements which, to gether with the general regulations con tained in the C.C.C. Grain Price Support Bulletin 1, applicable to 1959 and subse quent crop years 421.4001 t o 421.4021
apply to loans and purchase agreements under the 1959-crop wheat price support Program.
421.4037 Availability of price support.
a Method of support. Price support will be made available through farmstorage and warehouse-storage loans and through purchase agreements.
b Area. Farm-storage and ware house-storage loans and purchase agree ments will be available wherever wheat is grown in the continental United States, except that farm-storage loans will not be available in -areas where the State committee determines that wheat cannot be safely stored on the farm.
c Where to apply. Application for price support should be made at the office of the county committee which keeps the farm-program records for the farm.
d When to apply. Loans and pur chase agreements will be available from the time of harvest through January 31, 1960, and the applicable documents must be signed by the producer and delivered to the office of the county committee not later than such date. Applicable docu ments include the Producers Note and Loan Agreement for warehoue-storage loans, the Producers Note and Supple mental Loan Agreement and the Com modity Chattel Mortgage for farm-stor age loans, and the Purchase Agreement for purchase agreements.
e Eligible producer. An eligible pro ducer shall be a producer who is in com pliance with the requirements for eligi bility for price support prescribed in the C.C.C. Wheat Bulletin A, in effect for the 1959-crop, and any amendments thereto. Executors, administrators, trus tees, or receivers who represent an eligi ble producer or his estate may qualify for price support provided the loan or pur chase agreement documents executed by them are legally valid. Two or more eli gible producers may obtain a joint loan on eligible wheat harvested by them if stored in the same farm-storage facility.
In the case of joint loans, each person signing the note shall be held jointly and severally responsible for the loan. Ware house-storage loans may be made to a warehouseman who tenders to CCC ware house receipts issued by him on grain produced by him only in those States where the issuance and pledge of such warehouse receipts are valid under State law. Where the county office has ex perienced difficulties in settling farmContinued on p. 1635
CONTENTS
Agricultural Marketing Service Proposed rule making:
Grapes, raisin variety, grown in California_________________
Milk in the Tri-State and Bluefield marketing areas_______
Agriculture Department See Agricultural Marketing Serv ice; Commodity Credit Corporation; Commodity Stabilization Service.
Atomic Energy Commission Notices:
Battelle Memorial Institute; is suance of facility license amendment________ :_______
University of Florida; construc tion permit amendment____
University of Wyoming; is suance of construction permit and facility license_______
Civil Aeronautics Board Notices:
Korean National Airlines; pre hearing conference_________
Commerce Department See also Maritime Administration.
Notices:
Reid, James F., Sr.; statement of changes in financial inter ests_________
Commodity Credit Corporation Rules and regulations:
Wheat, 1959-crop loan and pur chase agreement program___
Commodity Stabilization Service Proposed rule making:
Sugar, 1959 quota for the domes tic beet sugar area_________
Rules and regulations:
Rice, acreage allotments for 1959 and subsequent crops Federal Communications Com mission Notices:
Canadian broadcast stations ;
list of changes, proposed changes and corrections in assignments_______________
Hearings, etc.:
Blumenthal, Stanley_______
Gulf Marine Service Corp___
James, Frank, and San Mateo Broadcasting Co_;___ ____
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