Washington, DC
December 15, 2003
The U.S. Department of Agriculture
is amending the Soybean Promotion and Research Rules and
Regulations. The change will require first purchasers and
producers in the states of
Delaware,
Louisiana, South Carolina and Texas, and the Eastern and Western
Regions, to remit and report assessments on a quarterly basis
rather than a monthly basis.
The Soybean Promotion, Research, and Consumer Information
Act and the Soybean Promotion and Research Order contain
provisions for the board to develop and recommend changes to the
rules and regulations. The United Soybean Board, in conjunction
with the affected states and regions, made these recommendations
to USDA. The amendment will reduce the administrative costs for
these smaller soybean producing states and regions.
The Agricultural Marketing Service has oversight and
regulatory responsibilities under the order, while the board
administers activities authorized under the Act. The program is
financed by a mandatory assessment of one-half of one percent of
the net market value of the soybeans they market.
The
amendment will be published in the Dec. 16 Federal Register
and will become effective April 1, 2004.
For more
information contact Kenneth R. Payne, Chief, Marketing Programs
Branch, AMS Livestock and Seed Program, USDA Stop 0251, 1400
Independence Ave., SW, Washington, D.C. 20250-0251; telephone
(202) 720-1115, fax (202)720-1125 or e-mail
Kenneth.Payne@usda.gov.
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