[Federal Register: November 27, 2006 (Volume 71, Number 227)]
[Notices]
[Page 68529-68530]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr27no06-24]
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DEPARTMENT OF AGRICULTURE
Commodity Credit Corporation
Farmer-Stock Peanuts Available for Sale in Online Auction
AGENCY: Commodity Credit Corporation, USDA.
ACTION: Notice.
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SUMMARY: The Commodity Credit Corporation (CCC) is announcing that the
inventoried farmer-stock peanuts will be available for sale as
unrestricted use on November 29, 2006 on the Internet at
http://www.theseam.com.
EFFECTIVE DATE: November 27, 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@wdc.usda.gov. Persons
with disabilities who require alternative means for communication
(Braille, large print, audiotape, etc.) should contact the
[[Page 68530]]
USDA Target Center at (202) 720-2600 (voice and TDD).
SUPPLEMENTARY INFORMATION: CCC acquires farmer-stock peanuts through
the forfeiture of marketing assistance loans obtained in accordance
with the Farm Security and Rural Investment Act of 2002. CCC's general
sales policy is to maximize the returns to the Corporation. The
authority for selling CCC-owned peanuts is 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 The Seam, LLC, of Memphis, Tennessee to
provide online marketing services to sell CCC-owned peanuts on the
Internet. CCC will entertain offers from prospective buyers for the
purchase of CCC-owned peanuts that are included in the inventory listed
on The Seam's web site.
CCC owns 41,925 tons of farmer-stock peanuts. The inventory is
composed of the following: 24,329 tons of Runner-type; 10,546 tons of
Spanish-type; 4,836 tons of Virginia-type; and 2,214 tons of Valencia-
type peanuts. The peanuts will be made available in an auction sale
format in lieu of individual negotiated sales. All CCC inventoried
peanuts will be available for sale as unrestricted use at
http://www.theseam.com on November 29, 2006, from 10 a.m. to 12 p.m. Central
Time (CT). This inventory will be made available for advance review
only, from 9 a.m. to 4 p.m. CT, on November 27 and November 28, 2006.
On November 29, 2006, an additional preview period will be provided
from 9 a.m. to 10 a.m. CT. Any unsold CCC peanut inventory may be
placed on The Seam's website at anytime following November 29, 2006,
without prior notification to the public. Interested parties are
encouraged to check The Seam's website on a regular basis for inventory
that may be made available for sale.
To participate in the online peanut sales, The Seam requires users
to enter into a participation agreement. There are no commission
charges to place bids online; however, successful bidders are charged a
commission fee of $0.75 per ton for completed sales.
Additional information on The Seam is available by contacting Kevin
Brinkley, by telephone at (901) 374-0374, or by e-mail at
kevin.brinkley@theseam.com or Charles Garner at (478) 988-1125, or by
e-mail at charles.garner@theseam.com
Any questions about this notice may be directed to Jose Gonzalez by
calling (202) 690-2534 or e-mail jose.gonzalez@wdc.usda.gov.
Signed at Washington, DC, November 17, 2006.
Glen L. Keppy,
Acting Executive Vice President Commodity Credit Corporation.
[FR Doc. E6-19974 Filed 11-24-06; 8:45 am]
BILLING CODE 3410-05-P