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Cooperative Marketing Associations; Eligibility Requirements for Price Support

farm-program · Commodity Credit Corporation · Rule · Published 1995-01-11 · Effective 1995-01-11 · 60 FR 2680

Document

Document number
95-560
Federal Register citation
60 FR 2680
CFR reference
7 CFR 1425
Type
Rule
Action
Final rule.
Category
farm-program
Sub-agency
Commodity Credit Corporation
Publication date
1995-01-11
Effective date
1995-01-11

Abstract

This final rule adopts, without change, the proposed rule published in the Federal Register at 59 FR 44947-44952 on August 31, 1994. This rule amends the regulations governing the participation of cooperative marketing associations (CMA) in Commodity Credit Corporation (CCC) price support programs to ensure: the equitable treatment of CMA members and individual producers; the Government does not accept undue risk in providing CMA price support program benefits; and the efficient delivery of CMA price support program benefits. This rule: changes CMA bylaw requirements to reflect current CMA organizational and operational procedures; requires approved cotton CMA retention of services provided by servicing agent banks; requires approved CMA monitoring of payment they receive on behalf of their members to ensure that member payments do not exceed payment limits; and makes other administrative changes.

Source

Authoritative
Federal Register document
Machine
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