Support Prices for Shorn Wool, Wool on Unshorn Lambs, and Mohair for the 1995 Marketing Year

Résumé

The National Wool Act of 1954, as amended (Wool Act), requires the Secretary of Agriculture, through the Commodity Credit Corporation (CCC), to make loans and payments available to producers of wool and mohair through December 31, 1995. The Wool Act further provides that, in the case of the 1995 marketing year, the payments shall be 50 percent of the amount otherwise determined in accordance with section 704(a) of the Wool Act. On September 16, 1994, CCC issued a proposed rule (59 FR 47564) with respect to the support prices for shorn wool, wool on unshorn lambs, and mohair for the 1995 marketing year. The 1995 payment rate formula for wool on unshorn lambs has been determined to be 80 percent of the difference between the 1995 support price for shorn wool and the 1995 national average market price for shorn wool, multiplied by 5 (the quantity of wool on an average 100-pound unshorn lamb). The mohair support level has been determined to be $4.657, which is [[Page 28523]] equal to 85 percent of the comparable percentage of parity at which shorn wool is supported for the 1995 marketing year. Payments to producers for the 1995 marketing year shall be 50 percent of the amount otherwise