Federal Register - July 19, 1950
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Source: Federal Register
VOLUME 15
1934 f i
O N lJtO
NUMBER 138
Washington, Wednesday, July 19, 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. Price Support Program Bulletin 1, Supplement 1, Dry Edible Beans P art 601G rains and R elated Commodities SUBPART 1 9 5 0 CROP DRY EDIBLE BEAN LOAN
AND PURCHASE AGREEMENT PROGRAM
A price support program has been an nounced for the 1950 crop of dry edible beans. The 1950 C. C. C. Grain Price Support Bulletin 1, 15 P. R. 3147, issued by the Commodity Credit Corporation and containing the general requirements with respect to price support operations for grains and related commodities pro duced in 1950, is supplemented as fol lows:
Sec.
601.171 Purpose.
601.172 Availability of price support.
601.173 Eligible beans.
601.174 Warehouse receipts.
601.175 Determination of quantity.
601.176 Determination of quality.
601.177 Loss or damage to the beans.
601.178 Maturity of loans.
601.179 Delivery of beans to CCO.
601.180 Support rates.
Authority: 601.171 to 601.180 Issued under sec. 4, 62 Stat. 1070, as amended; 15
U. S. C. 714b. Interpret or apply sec. 5, 62
Stat. 1072, Titles III, IV, Pub. Law 439, 81st Cong.; 15 U. S. C. Sup., 714c.
601.171 Purpose. This supplement states additional specific requirements which, together with the general require ments contained in the 1950 C. C. C, Grain Price Support Bulletin 1, 15 P. R.
3147, and 1950 Dry Edible Bean Bulletin A, 15 P. R. 3053, apply to loans and pur chase agreements made available under the 1950 Dry Edible Bean Price Support Program.
601.172 Availability of price sup port a, Method of support. Price support will be made available by means of nonrecourse farm-storage and ware house-storage loans and through pur
chase agreements. Farm-storage loans will not be available to cooperative asso ciations of producers.
b Area. Farm-storage and ware house-storage loans and purchase agree ments will be available wherever beans of the eligible classes are grown in the continental United States.
c Where to apply. Application for price support must be made at the office of the PMA 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, 1951, and the applicable documents must be signed by the producer and delivered to the county committee not later than such date.
e Éligible producer. An eligible producer shall be any individual, part nership, association, corporation, or other legal entity producing eligible beans in 1950 as landowner, landlord, tenant or sharecropper who is in com pliance with the 1950 dry edible bean acreage allotment regulations, as deter mined in accordance with 1950 Dry Edi ble Bean Bulletin A, 15 P. R. 3055.
Cooperative marketing associations of producers will be eligible for warehousestorage loans and purchase agreements on any class of eligible beans produced by eligible producer members: Provided, That 1 all beans of such class mar keted by the association are produced by producer members; 2 the producer members are bound by contract to mar-
ket their beans of such class through the association and the association does not release any such beans for the pur pose of permitting producer members to obtain individual price support loans or purchase agreements; 3 separate pools are maintained for eligible and ineligible beans and the proceeds of the eligible beans marketed by the association are shared proportionately among the eligi ble producer members according to the class, grade and quantity of such beans eaqh delivers to the association, and the proceeds of all other beans marketed by the association are shared proportion ately among the producer members ac cording to the class, grade and quantity of such beans each delivers to the asso ciation; 4 the association has authorco n tin u ed on next page
CONTENTS
Agriculture Department
Fage
See Animal Industry Bureau;
Commodity Credit Corporation;
Entomology and Plant Quaran tine Bureau; Production and Marketing Administration.
Air Force Department
Rules and regulations:
Personnel; selection and enlist ment of aviation cadets____ _ 4605
Alien Property, Office of
Notices:
Vesting orders, etc.:
Rath, Fritz Ulrich, and Doro thea Rath______________ 4612
Animal Industry Bureau
Proposed rule making:
Meat inspection regulations___
4606
Civil Aeronautics Board
Notices:
Meteor Air Transport, Inc.;
hearing_______
4610
Commerce Department
See Federal Maritime Board.
Commodity Credit Corporation
Rules and regulations:
Grains and related commodities;
1950-crop dry fedible bean loan and purchase agreement pro gram____________________ 4573
Defense Department
See Air Force Department.
Entomology and Plant Quaran tine Bureau
Rules and regulations:
Domestic quarantine notices;
pink bollworm------------------
4576
Federal Communications Com mission
Notices:
Mexican broadcast stations; list of changes, proposed changes, and corrections in assignments____________
4610
R. I. Broadcasting Co. WRIB;
hearing__________________ 4610
Federal Maritime Board
Notices:
Pope & Talbot, Inc.; hearing__
Interior Department
See Land Management, Bureau of.
4573
4609