Federal Register - December 22, 2021
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Source: Federal Register
Federal Register / Vol. 86, No. 243 / Wednesday, December 22, 2021 / Rules and Regulations
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Figure 3.
First Handler
Producer
Baard
Example 4Revised Procedure Producer sells lambs at market agency to a feeder. At a later date, the feeder brings the same lambs to a market agency to sell to a first handler: The producer pays the LW assessment to the market agency. The feeder pays the PH
assessment to the market agency, which remits both assessments to the Board LW and PH. At a later date, when the feeder sells the same lambs at market
agency, the feeder pays the LW
assessment to the market agency, and the first handler pays the PH assessment to the market agency, which remits both assessments to the Board LW and PH.
Since the feeder was initially charged the PH assessment first handlers assessment and then paid the total LW
assessment lambs sold at market agency to the first handler, the feeder is eligible for a refund on the original PH
assessment initial first handlers assessment and the difference between the total LW assessment and the producers LW assessment. If the feeder were to exercise this option to recoup the two assessments, the feeder completes the Lamb Assessment Refund, form LP85, and files with the Board to receive a refund. This example is depicted in Figure 4.
Figure 4.
Feeder
Feeder
First Handler
Board
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LW and PH. At a later date, when the feeder sells the lambs to a first handler via traditional market/non-market agency sale, the feeder pays the LW
assessment to the first handler, who remits the LW assessment and the PH
assessment to the Board. The feeder is eligible for refunds on the original PH
assessment paid first handler assessment and the difference between
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the total LW assessment and the producers original LW assessment. If the feeder were to exercise this option to recoup the two assessments, the feeder completes the Lamb Assessment Refund, form LP85, and files with the Board to receive a refund. This example is depicted in Figure 5.
E:FRFM22DER1.SGM
22DER1
ER22DE21.008
Example 5Revised Procedure Producer sells lambs at a market agency to a feeder. At a later date, the feeder sells the lambs to a first handler via traditional market/non-market agency sale: The producer pays the LW
assessment to the market agency.
Additionally, the feeder pays the PH
assessment to the market agency, which remits both assessments to the Board
ER22DE21.007
khammond on DSKJM1Z7X2PROD with RULES
Board
