Support Prices for Shorn Wool, Wool on Unshorn Lambs, and Mohair for the 1994 Marketing Year

Streszczenie

The National Wool Act of 1954, as amended (Wool Act), requires the Secretary of Agriculture (Secretary), 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 1994 and 1995 marketing years, the payments shall be 75 percent and 50 percent, respectively, of the amount otherwise determined in accordance with section 704(a) of the Wool Act. On May 2, 1994, the Commodity Credit Corporation (CCC) issued a proposed rule (59 FR 22546) with respect to the support prices for shorn wool, wool on unshorn lambs, and mohair for the 1994 marketing year. The support level for wool on unshorn lambs has been determined by multiplying 80 percent of the difference between the 1994 support price for shorn wool and the 1994 national average market price for shorn wool by 5 (the quantity of wool on an average 100-pound unshorn lamb). The mohair support level has been determined to be $4.739, which is equal to 85 percent of the comparable percentage of parity at which shorn wool is supported for the 1994 marketing year. Payments to producers for the 1994 and 1995