[Federal Register: November 15, 2006 (Volume 71, Number 220)]
[Notices]
[Page 66496]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr15no06-23]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF AGRICULTURE
Commodity Credit Corporation
Bulk Grain Available for Sale Online
AGENCY: Commodity Credit Corporation, USDA.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: This notice announces that the Commodity Credit Corporation
(CCC) will make available for sale a portion of its grain inventory
beginning November 20, 2006, via the Internet at http://www.GrainLink.com.
This is the first time that CCC will use GrainLink
to provide online marketing services to sell bulk grain, including
wheat, rice, soybeans, barley, corn, grain sorghum, and oats that CCC
owns via the Internet. This notice is to announce the sale and
introduce this new process to the industry.
DATES: Effective Date: November 15, 2006.
FOR FURTHER INFORMATION CONTACT: Jose Gonzalez, Inventory Program
Manager, Warehouse and Inventory Division, Farm Service Agency, USDA,
STOP 0553, 1400 Independence Avenue, SW., Washington, DC 20250-0553.
Telephone: (202) 690-2534. E-mail: jose.gonzalez@usda.gov. Persons with
disabilities who require alternative means for communication (Braille,
large print, audiotape, etc.) should contact the USDA Target Center at
(202) 720-2600 (voice and TDD).
SUPPLEMENTARY INFORMATION: CCC acquires bulk grain through the
forfeiture of marketing assistance loans obtained in accordance with
Title 1, Subtitle B, of the Farm Security and Rural Investment Act of
2002. CCC's general sales policy is to maximize the returns to the
Corporation. The authorities for selling CCC-owned grain include the
CCC Charter Act and section 165 of the Federal Agriculture Improvement
and Reform Act of 1996. The regulations at 7 CFR part 1402 contain CCC
policy for certain commodities available for sale by CCC.
CCC has contracted with Farms Technology, LLC, of Overland Park,
Kansas to provide online marketing services to sell CCC-owned bulk
grain (wheat, rice, soybeans, barley, corn, grain sorghum, and oats),
via an Internet based cash grain marketing platform called
GrainLink.com. CCC will entertain offers from prospective buyers for
the purchase of grain owned by CCC that is included in the inventory
listed on GrainLink.com. Prospective buyers may also visit the DACO Web
site at http://www.fsa.usda.gov/daco/default.htm to review the entire
catalog of grain inventory. Under ``Related Topics'', click on
``Procurement and Sales'' and then ``Sales'' to access inventories of
various commodities. Parties interested in purchasing CCC-owned grain
that is not available for sale via GrainLink.com may contact CCC
merchandisers directly at (816) 926-3816 to discuss grain availability.
A portion of CCC's grain inventory will be available for sale at
http://www.GrainLink.com beginning November 20, 2006, from 9:30 a.m. to
1:30 p.m. central daylight time (CDT). This inventory will be made
available for advance review only, from 9 a.m. to 4 p.m. CDT, on
November 16 and November 17, 2006. Additional CCC grain inventory may
be placed on GrainLink at anytime following November 20, 2006, without
prior notification to the public. Interested parties are encouraged to
check the GrainLink Web site on a regular basis for inventory that may
be made available for sale.
To allow access to GrainLink's ``Real Time Bid Service'' Farms
Technology requires users to enter into a participation agreement and
pay a monthly subscription fee. There are no commission charges to
place bids online; however, successful bidders are charged a commission
fee of $.01 per bushel (wheat, barley, oats, corn, soybeans) or $.01
per hundredweight (grain sorghum or rice) for completed sales.
Additional information on Farms Technology services is available by
contacting Jason Tatge, Chief Executive Officer, by telephone at (888)
393-6471, or by e-mail at Jason@farmstech.com.
Any questions about this notice may be directed to Jose Gonzalez by
calling (202) 690-2534 or e-mail jose.gonzalez@usda.gov.
Signed at Washington, DC, November 9, 2006.
Teresa C. Lasseter,
Executive Vice President, Commodity Credit Corporation.
[FR Doc. 06-9212 Filed 11-9-06; 3:40 pm]
BILLING CODE 3410-05-P