[Federal Register: May 2, 2008 (Volume 73, Number 86)]
[Notices]
[Page 24212]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr02my08-32]
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DEPARTMENT OF AGRICULTURE
Agricultural Marketing Service
[Docket No. AMS-LS-08-0011]
Notice of Request for Extension of a Currently Approved
Information Collection
AGENCY: Agricultural Marketing Service, USDA.
ACTION: Notice and request for comments.
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SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (44
U.S.C. Chapter 35), this notice announces the Agricultural Marketing
Service's (AMS) intention to request approval from the Office of
Management and Budget, for an extension of the currently approved
information collection used to compile and generate grain and molasses
market news reports.
DATES: Comments on this notice must be received by July 1, 2008 to be
assured of consideration.
Additional Information or Comments: Comments may be mailed to Jimmy
A. Beard; Assistant to the Chief; Livestock and Grain Market News
Branch, Livestock and Seed Program, Agricultural Marketing Service,
U.S. Department of Agriculture; STOP 0252; 1400 Independence Avenue
SW.; Room 2619-S; Washington, DC 20250-0252; Phone (202) 720-8054; Fax
(202) 690-3732; or e-mailed to the Federal Rulemaking Portal: http://
www.regulations.gov or e-mailed to marketnewscomments@usda.gov. State
that your comments refer to Docket No. AMS-LS-08-0011.
FOR FURTHER INFORMATION CONTACT: Dr. Warren Preston, Chief, Livestock
and Grain Market News Branch, AMS, USDA, by telephone on 202/720-4846,
or via e-mail at: warren.preston@usda.gov or Jimmy A. Beard, Assistant
to the Chief, Livestock and Grain Market News Branch, AMS, USDA, or by
telephone on 202/720-8054, or e-mail at: jimmy.beard@usda.gov.
SUPPLEMENTARY INFORMATION: Title: Grain Market News Reports and
Molasses Market News Reports.
OMB Number: 0581-0005.
Expiration Date of Approval: 09-30-2008.
Type of Request: Extension of a currently approved information
collection.
Abstract: The Agricultural Marketing Act of 1946 (7 U.S.C. 1621-
1627), section 203(g) directs and authorizes the collection and
dissemination of marketing information, including adequate outlook
information, on a market area basis, for the purpose of anticipating
and meeting consumer requirements, aiding in the maintenance of farm
income, and to bring about a balance between production and
utilization.
The grain industry has requested that USDA continue to issue market
news reports on grain and molasses. These reports are compiled on a
voluntary basis, by AMS in cooperation with the grain and feed
industry. Market news reporting must be timely, accurate, and
continuous if it is to be useful to producers, processors, and the
trade in general. Industry traders can use market news information to
make marketing decisions on when and where to buy and sell. For
example, a producer could compare prices being paid at local, terminal,
or export elevators to determine which location will provide the best
return. Some traders might choose to chart prices over a period of time
in order to determine the most advantageous day of the week to buy or
sell, or to determine the most favorable season. In addition, the
reports are used by other Government agencies to evaluate market
conditions and calculate price levels, such as USDA's Farm Service
Agency, that administers the Farmer-owned Reserve Program. Economists
at most major agricultural colleges and universities use the grain and
feed market news reports to make short and long-term market
projections. Also, the Government is a large purchaser of grain and
related products. A system to monitor the collection and reporting of
data, therefore is needed.
The information must be collected, compiled, and disseminated by an
impartial third-party, in a manner which protects the confidentiality
of the reporting entity. AMS is in the best position to provide this
service.
Estimate of Burden: Public reporting burden for this collection of
information is estimated to average .0333 hours per response.
Respondents: Business or other for-profit entities, individuals or
households, farms, and the Federal Government.
Estimated Number of Respondents: 202.
Estimated Number of Responses: 3864
Estimated Number of Responses per Respondent: 19.
Estimated Total Annual Burden on Respondents: 129 hours.
Comments are invited on: (1) Whether the proposed collection of
information is necessary for the proper performance of the functions of
the Agency, including whether the information will have practical
utility; (2) the accuracy of the Agency's estimate of the burden of the
proposed collection of information, including the validity of the
methodology and assumptions used; (3) ways to enhance the quality,
utility, and clarity of the information to be collected; and (4) ways
to minimize the burden of the collection of information on those who
are to respond, including the use of appropriate automated, electronic,
mechanical, or other technological collection techniques or other forms
of information technology. Comments may be sent to Jimmy A. Beard; 1400
Independence Ave; Room 2619-S; Washington, DC 20250-0252. Comments can
be submitted to: http://www.regulations.gov and viewed there as well.
All comments received will be available for public inspection during
regular business hours at the same address or on the Internet at http:/
/www.ams.usda.gov/lsmnpubs.
All responses to this notice will be summarized and included in the
request for OMB approval. All comments will become a matter of public
record.
Dated: April 28, 2008.
Lloyd Day,
Administrator, Agricultural Marketing Service.
[FR Doc. E8-9652 Filed 5-1-08; 8:45 am]
BILLING CODE 3410-02-P