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Clarification of Bales Made Available for Shipment by CCC-Approved Warehouses

farm-program · Commodity Credit Corporation · Rule · Published 2014-12-01 · Effective 2014-12-31 · 79 FR 70995

Document

Document number
2014-28180
Federal Register citation
79 FR 70995
CFR reference
7 CFR 1423
Type
Rule
Action
Final rule.
Category
farm-program
Sub-agency
Commodity Credit Corporation
Publication date
2014-12-01
Effective date
2014-12-31

Abstract

This rule amends the regulations that specify the requirements for the Commodity Credit Corporation (CCC)-approved warehouses storing cotton, which are administered by the Farm Service Agency (FSA). FSA is changing the definition of Bales Made Available for Shipment (BMAS). CCC-approved cotton warehouses are currently required to report BMAS, among other data, to FSA every week. FSA is clarifying that bales made available, but not picked up by the shipper, can only be reported by the warehouse operator as BMAS for no longer than the first 2 weeks that such bales have been made available for delivery but have not yet been picked up. This rule change includes whether bales not picked up are reported by the warehouse operator to FSA in the weekly report; it does not change any warehouse tariffs, late fees, or restocking fees. The quality of reported information about bales made available for shipment will improve, which will benefit both FSA and the cotton industry.

Source

Authoritative
Federal Register document
Machine
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