Amendments to the Peanut Poundage Quota Regulations

This interim rule sets forth regulations for Federal farm peanut poundage quotas in order to implement provisions of the Agricultural Market Transition Act of 1996 (the 1996 Act) for the 1996 through 2002 crops of peanuts. The amendments to the regulations adopted in this interim rule involve: eliminating the national poundage quota floor; eliminating the undermarketing carryover provisions; establishing temporary seed quota allocations; establishing the ineligibility of certain farms for quota allocation; authorizing the inter-county transfer of farm poundage quota in all States, subject to certain percentage limitations on certain transfers in certain States; eliminating the special allocations of increased quotas for certain Texas counties; and establishing new provisions for ``considered- produced'' credit with respect to a farm whose quota has been transferred.