authorized for inventory management purposes of Commodity Credit Corporation corn and wheat in amounts not to exceed the equivalent of quantities of flour and cornmeal so purchased. (e) Price support payments on 1963 crops of feed grains and wheat.-(1) The 1963 feed grain program: In a change from previous years, farmers participating in the 1963 feed grain program will receive price support partly through loans and purchase agreements and partly through an in-kind payment. Loans and purchase agreements will reflect a national average price of $1.07 per bushel on corn, $1.71 per hundredweight on grain sorghum (96 cents per bushel) and 82 cents per bushel on barley. In addition, price-support payments will be made on the normal production of the harvested acreage of 18 cents per bushel on corn, 29 cents per hundredweight on grain sorghums (16 cents per bushel) and 14 cents per bushel on barley. Oats and rye are not included in the special 1963 feed grain program, and neither payments is provided nor reduction in acreage is required for price-support eligibility. In another substantial change from the previous program, farmers to be eligible for price support, must divert the total acreage signed up under the special feed grain program. Participating farmers will be able to put all of their 1963-crop corn, grain sorghum, and barley under price-support loans and purchase agreements. This is in contrast to provisions of the 1961 and 1962 program which limited price support to the normal production of harvested acreage. For details of acreage diversion payments see section V, special program for feed grains. (2) The 1963 wheat program: Wheatgrowers have approved marketing quotas for the 1963 crop, with a 55-million acre national allotment. Producers who divert acreage of the 1963 crop will be eligible for diversion payments equal to 50 percent of the support value of normal production on the land diverted. Such producers will also qualify for an average loan or purchase agreement rate of $1.82 per bushel and price support payments-in-kind of 18 cents a bushel, making a total support level of $2 per bushel. For details of acreage diversion payments see section III, wheat stabilization program. (f) Availability of price support.-Price support on the 1962 and 1963 crops is available to producers, by commodities, as follows: 1L indicates loans; PA indicates purchase agreements; P indicates purchases; and PIK 2 For tobacco, percent of parity not applicable. For the 1961 crop and subsequent 3 Level shown applies to commercial area. No price support available in noncommer- 4 Milk and butterfat convert to the following purchase prices for products: Connecticut, Rhode Island, Massachusetts, Vermont, New New York, N.Y.; Jersey City and Newark, N.J. Arizona, New Mexico, Texas, Louisiana, Mississippi, Alabama, Georgia, Florida, and South Carolina. Location differentials for points in between. U.S. Grade B: 2 cents per pound less than above prices. Nonfat dry milk: U.S. extra grade, spray process. 4. Eligibility With respect to upland cotton, extra-long-staple cotton, wheat, rice, peanuts, and tobacco, eligible participants are producers (including associations of producers) of 1962 or 1963 crops who comply with acreage allotments and marketing quotas where applicable. Price support will also be extended to rice producers who did not knowingly contribute to overplantings. Growers of Pennsylvania seedleaf type 41 tobacco will not receive price support on the 1962 crop since they disapproved marketing quotas. Producers must participate in the special programs for feed grains and the wheat stabilization programs in order to be eligible for price support on those respective crops. Producers of other designated commodities are eligible if they comply with the regulations prescribed by the Secretary governing eligibility for price support. Grains that cannot be safely stored on the farm are ineligible for farm storage loans, and grains containing mercurial compounds or other substances poisonous to man or animals are ineligible for any price support. In general, commodities grown on federally owned land in violation of restrictive leases are not eligible for price support. Dairy products listed below are purchased to support prices to producers of milk and butterfat which are designated nonbasic commodities. The following tabulation reflects eligibility requirements for commodities: Peanuts shelled..... 2. Rice. 5. Wheat... Mandatory nonbasic: 5. Honey. Butter.. Cheese.. Milk, nonfat dry. Oats... Rye.... Sorghums, grain..... Tung nuts and oil... Or No. 4 on the factor of test weight only. Commodity must be of the classes: Yellow corn (class I), white corn (class II, or mixed corn (class III). Corn under loan must not grade "weevily." The moisture content for farm storage loan corn may not exceed 16-21 percent depending on time of testing for ear corn and 14 percent for shelled corn. American-Egyptian, Sealand, and Sea Island of prescribed qual ities and designated types. (See weight requirement below.) Basis Middling white i in. Commodities must be of 1 of the prescribed qualities. Each bale must weigh not less than 350 nor more than 625 lbs., gross weight, and must be adequately packaged. Contain not more than 10 percent foreign material, 25 percent damaged kernels, and 10 percent moisture except that mechanically dried peanuts shall contain at least 6 percent. (There are regional exceptions.) Contain not more than 2 percent peanuts of other types, 6 percent damaged or unshelled peanuts, 2 percent minor defects (unused part of tolerance for damaged or unshelled peanuts allowed for minor defects (2 percent foreign material, 7 percent fall through, and 10 percent moisture.) Must be 1 of classes within official standards of the United States other than "mixed rough rice." Moisture limit 14 percent. Flue-cured (tied and loose leaf), burley, fire-cured, dark air-cured and sun-cured, Maryland, cigar binder, cigar filler and binder, and Puerto Rican. Or No. 4 or No. 5 on the factor of "test weight" and/or because of containing "Durum" and/or "Red Durum" but otherwise grading No. 3 or better, or "sample grade" on test weight only. Weight of at least 50 or 51 pounds a bushel is the minimum test weight; from 50 to 40 pounds is discounted as "sample grade." In general, moisture limit is 14 percent. Wheat sedimentation tests will be used to determine quality in lieu of protein content for premium. Includes No. 5 garlicky. Minimum test weight for No. 5 is 36 pounds per bushel; except that western barley shall have a test weight of not less than 40 pounds per bushel. Must be packed in metal containers with a capacity of not less A and B.. Bulk, print, or canned. 3. 2. Cheddar, standard moisture basis. Spray. Grade must be "Extra" except moisture limitation is 3.5 percent and direct microscopic clump bacteria count may not exceed 250,000,000 per gram. Or No. 4 on the factor of "test weight" only. Oats grading garlicky meeting above requirements are eligible. Or No. 3 on the factor of "test weight" only. Must not contain Or No. 4 smutty or better, or No. 4 discolored or better, and con- Outlets available for disposal of Commodity Credit Corporation price-support inventory include domestic and export sales for dollars; sales for foreign currency under title I of Public Law 480, as amended; commodities furnished for emergency and other purposes under title II of Public Law 480; sales for dollars under long-term supply contracts under title IV of Public Law 480; wheat furnished under the International Wheat Agreement; grain furnished for migratory waterfowl and game birds under the act of July 3, 1956, as amended, and Public Law 87-152, approved August 17, 1961; barter and exchanges of agricultural commodities for strategic and critical materials abroad; payments-in-kind to U.S. exporters; payments-in-kind to producers of certain feed grains and wheat who reduce acreage under special programs; transfers to other Government agencies for export or for domestic use; and foreign and domestic donations. (a) Sales for dollars.—(1) Domestic: Section 407 of the Agricultural Act of 1949 (7 U.S.C. 1427), as amended, provides that with a few exceptions, the Corporation may not sell any basic agricultural commodity or storable nonbasic commodity at less than 5 percent above the current support price plus reasonable carrying charges. This section also includes legislation authorizing the Corporation to make its commodities available to relieve distress or disaster. This authority has been used to conduct an emergency feed program under which mixed feeds were made available to herd owners for $1 a hundredweight. Section 102 of the above act directed the Corporation, during the period August 1, 1959, through July 31, 1961, to offer any upland cotton owned by it for sale for unrestricted use at not less than 10 percent above the current level of price support for choice (B) farms. After July 31, 1961, section 407 as amended by Public Law 85-835, raises this percentage to 15 for all cotton, except that any amount by which estimated disappearance exceeds the national marketing quota may be sold at market price. Section 407 as amended by Public Law 87-127 authorizes sales of Corporation owned or controlled feed at not less than 75 percent of current support level for preservation of foundation herds of livestock in emergency areas. Included in the domestic category are sales of cottonseed, flaxseed, and rough rice to processors under conditional contracts which provide for repurchase by the Corporation in processed form. Marketing of grain certificates and price support payment-in-kind certificates are described under payment-in-kind, domestic, in a following section. (2) Export: Section 407 of the Agricultural Act of 1949, as amended, authorizes export sales without price restriction and includes those made on condition that commodities of the same kind or comparable value or quantity be exported in raw or processed form. Export credit sales are made on a deferred-payment basis for periods up to 3 years. Section 203 of the Agricultural Act of 1956, as amended (7 U.S.C. 1853), directs the Corporation to make cotton available at prices not in excess of the level of prices at which cotton of comparable qualities is being offered in substantial quantities by other exporting countries. |