Rolnictwo i rynki · 02/04/1997

Sugar Loan Program Crop Year Definition and Loan Availability Period

This proposed rule would redefine the crop year for the sugar loan program from the current period, July 1 through June 30, to the Federal fiscal year, October 1 through September 30. The proposed rule also would extend the loan availability period to the whole fiscal year instead of ending the availability period on June 30. The restriction that the Commodity Credit Corporation (CCC) could only make loans in July, August, and September on sugar processed from sugarcane or sugar beets that are normally harvested in those months would be removed. The proposed rule would also eliminate obsolete provisions governing the 1995 crop year price support program and producer protections and revise the information collection requirements to reflect the simplified monthly data-reporting forms and the transfer of reporting items to new annual reporting forms.