1995-Crop Sugarcane and Sugar Beet Price Support Loan Rates

DEPARTMENT OF AGRICULTURE

Commodity Credit Corporation

7 CFR Part 1435

RIN 0560-AE44

1995-Crop Sugarcane and Sugar Beet Price Support Loan Rates

AGENCY: Commodity Credit Corporation, USDA.

ACTION: Final rule.

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SUMMARY: The Sugar Price-Support Program is conducted by the Commodity

Credit Corporation (CCC) in accordance with section 206 of the

Agricultural Act of 1949, as amended (the 1949 Act). This final rule

amends the regulation by setting forth 1995-crop loan rates to be used

in administering the Sugar Price-Support Program. The national

(weighted-average) loan rate for 1995-crop raw cane sugar shall be

18.00 cents per pound. The national (weighted-average) loan rate for

1995-crop refined beet sugar shall be 22.90 cents per pound.

EFFECTIVE DATES: April 10, 1996.

FOR FURTHER INFORMATION CONTACT: Daniel Colacicco, Farm Service Agency,

United States Department of Agriculture (USDA), Ag Box 0516, P.O. Box

2415, Washington, DC 20013-2415, telephone 202-690-0734.

SUPPLEMENTARY INFORMATION:

Executive Order 12866

This rule has been determined to be economically significant and

was reviewed by OMB under Executive Order 12866.

Final Regulatory Impact Analysis

The Final Regulatory Impact Analysis describing the impact of

implementation of this rule is available on request from the above-

named individual.

Federal Assistance Program

The title and number of the Federal Assistance Program, as found in

the catalogue of Federal Domestic Assistance, to which this final rule

applies are Commodity Loans and Purchases--10.051.

Regulatory Flexibility Act

It has been determined that the Regulatory Flexibility Act is not

applicable because the CCC is not required by 5 U.S.C. 553 or any other

provision of law to publish a notice of proposed rulemaking with

respect to the subject matter of this rule.

Environmental Evaluation

An Environmental Evaluation with respect to the price-support loan

program has been completed. It has been determined that this action

will not adversely affect environmental factors such as wildlife

habitat, water quality, air quality, land use, and appearance.

Therefore, neither an Environmental Assessment nor an Environmental

Impact Statement is needed.

Executive Order 12372

This program is not subject to the provisions of Executive Order

12372, which requires intergovernmental consultation with State and

local officials. See the Notice related to 7 CFR part 3015, subpart V,

published at 48 FR 29115 (June 24, 1983).

Paperwork Reduction Act

The amendments to 7 CFR part 1435 set forth in this final rule do

not contain information collection requirements that require clearance

by the Office of Management and Budget under the Paperwork Reduction

Act of 1995 (44 U.S.C. 35).

Executive Order 12778

This final rule has been reviewed in accordance with Executive

Order 12778. The provisions of this final rule preempt State laws to

the extent such laws are inconsistent with the provisions of this final

rule; are not retroactive; and are not subject to administrative appeal

remedies.

Background

This final rule amends 7 CFR part 1435 to set forth the 1995

national price-support levels for use in administering CCC sugar price-

support programs. Section 206 of the 1949 Act provides that the

Secretary of Agriculture (Secretary) shall support the price of the

1991 through 1997 domestically grown crops of sugarcane and sugar beets

through nonrecourse loans. Section 206 further provides that the

Secretary shall support the price of domestically grown sugarcane at

such level as the Secretary determines appropriate, but not less than

18 cents per pound for raw cane sugar. The Secretary also is required

to support the price of domestically grown sugar beets at a level equal

to the sugarcane support level multiplied by the ratio of producer

returns for sugar beets to producer returns for sugarcane, for the most

recent 5-year period for which data are available, plus an amount that

covers sugar beet processor fixed marketing expenses.

List of Subjects in 7 CFR Part 1435

Loan programs/agriculture, Price-support programs, Reporting and

recordkeeping requirements, Sugar.

Accordingly, 7 CFR part 1435 is amended as follows:

PART 1435--SUGAR

1. The authority citation for 7 CFR part 1435 continues to read as

follows:

Authority: 7 U.S.C. 1421, 1423, 1446g; 15 U.S.C. 714b and 714c.

2. Section 1435.4 is amended by redesignating paragraph (e) as

paragraph (f) and adding a new paragraph (e) to read as follows:

Sec. 1435.4 Method of support and loan rates.

* * * * *

(e) The basic (weighted average) loan rates for the 1995 crops of

domestically grown:

(1) Sugarcane shall be 18 cents per pound of raw cane sugar; and

(2) Sugar beets shall be 22.90 cents per pound of refined beet

sugar.

* * * * *

Signed in Washington, DC, on April 4, 1996.

Bruce R. Weber,

Acting Executive Vice President, Commodity Credit Corporation.

[FR Doc. 96-8928 Filed 4-9-96; 8:45 am]

BILLING CODE 3410-05-P