D2o—Lancaster Farming, Saturday, June 6,1981
WASHINGTON, D.C. -
Beginning July 1, the U.S.
Department of Agriculture will
return to an offer rate system
when contracting for gram storage
space, Under Secretary of
Agriculture Seeley Lodwick an
nounced.
Only warehouses that meet
standards of approval set by
USDA’s Commodity Credit Cor
poration may be used to store
gram pledged as collateral for
government loans or to store
government-owned gram, Lodwick
said.
Under the current “modified
offer rate system,” warehousemen
submit rates to CCC for review,
and if the rates are above CCC
specified levels, CCC negotiates
the rates. If, after negotiations,
CCC determines the rates are still
too high, the warehouse may not be
approved for storing government
gram.
USDA readopts offer rate system for warehouse space
Under the “offer rate system”
announced today, there will be no
negotiations: all rates will be filed
and all warehouses approved. The
government will use the least
expensive and if necessary will
move the gram from present
storage at a lesser cost facility,
Lodwick said.
He said under the offer rate
system which USDA used from
1975 to 1977 warehousemen must
certify they are not changing the
government more than they would
charge other customers. Violations
of this provision will subject
warehousemen to criminal and/or
civil penalties.
A list of the approved
warehouses and their rates will be
available for public review m state
and county Agricultural
Stabilization and Conservation
Service offices. Producers with
gram under CCC loan may place
their crops in any warehouse
approved by the CCC.
When farmers take out CCC
loans, county offices of USDA’s
Agricultural Stabilization and
Conservation Service may deduct
their storage and handling charges
and forward these charges directly
HARRISBURG Placements of
broiler chicks in the Com
monwealth during the week ending
May 23 were 2,486,000, according to
the Pennsylvania Crop Reporting
Service.
The placements were five
percent above the previous week
and five percent above the
corresponding week a year earlier.
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to warehousemen, Lodwick said.
The forwarded storage and han
dling fees then are deducted from
the principal of the loan, thus
reducing the farmers’ interest
costs.
In addition, he said, this
prepayment provision should allow
Broiler placements up
Average placments during the past
nine weeks were two percent above
a year ago.
Placements m the 21 key poultry
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warehousemen to offer lower
storage rates for CCC-pledged
crops.
The offer rate system gives the
warehouseman more flexibility in
setting storage rates on a com
petitive basis, Lodwick said.
the past nine weeks were four
percent above a year ago.
Broiler-fryers slaughtered in
Pennsylvania under federal in
spection during the week ending
May 13 totaled 2,155,000, with an
average liveweight of 4.08 pounds.
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