[Code of Federal Regulations]
[Title 7, Volume 8]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR985]

[Page 580-581]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER IX--AGRICULTURAL MARKETING SERVICE (Marketing Agreements and 
      Orders; Fruits, Vegetables, Nuts), DEPARTMENT OF AGRICULTURE
 
PART 985_MARKETING ORDER REGULATING THE HANDLING OF SPEARMINT OIL 
 
                    Subpart_Order Regulating Handling
 
Sec.  985.50  Marketing policy.

    (a) The Committee shall meet on or before January 15 of each year to 
adopt a marketing policy for the ensuing

[[Page 581]]

marketing year or years. As soon as is practical following the meeting 
or meetings, the Committee shall submit to the Secretary recommendations 
for volume regulations deemed necessary to meet market requirements and 
establish orderly marketing conditions. Additional reports shall be 
submitted to the Secretary of the Committee subsequently adopts a new or 
revised policy because of changes in the demand and supply situation 
with respect to the various classes of oil.
    (b) In determining such marketing policy, Committee consideration 
shall include but not be limited to:
    (1) The estimated quantity of salable oil of each class held by 
producers and handlers;
    (2) The estimated demand for each class of oil;
    (3) Prospective production of each class of oil;
    (4) Total of allotment bases of each class of oil for the current 
marketing year and the estimated total of allotment bases of each class 
for the ensuing marketing year;
    (5) The quantity of reserve oil, by class, in storage;
    (6) Producer prices of oil, including prices for each class of oil;
    (7) General market conditions for each class of oil, including 
whether the estimated season average price to producers is likely to 
exceed parity.
    (c) Notice of the marketing policy recommendations for a marketing 
year and any later changes shall be announced publicly by the Committee, 
and be submitted promptly to the Secretary and all producers and 
handlers. The Committee shall publicly announce its marketing policy or 
revision thereof and notice and contents thereof shall be submitted to 
producers and handlers by bulletins or through appropriate media.
    (d) As soon as practicable following the effective date of this 
subpart and the organization of the Committee, the Committee may adopt a 
marketing policy for the 1980-81 marketing year.