Page:United States Statutes at Large Volume 110 Part 1.djvu/947

 PUBLIC LAW 104-127—APR. 4, 1996 110 STAT. 923 the purchase of the quota peanut crops at a price equal to or in excess of the quota support price, the producer shall be ineligible for quota price support for the next marketing year. The Secretary shall establish the method by which a producer may appeal a determination under this paragraph regarding ineligibility for quota price support. (b) ADDITIONAL PEANUTS.— (1) IN GENERAL. —Subject to paragraph (2), the Secretary shall make nonrecourse loans available to producers of additional peanuts at such rates as the Secretary finds appropriate, taking into consideration the demand for peanut oil and peanut meal, expected prices of other vegetable oils and protein meals, and the demand for peanuts in foreign markets. (2) LIMITATION. —The Secretary shall establish the support rate on additional peanuts at a level estimated by the Secretary to ensure that there are no losses to the Commodity Credit Corporation on the sale or disposal of the peanuts. (3) ANNOUNCEMENT.— The Secretary shall announce the loan rate for additional peanuts of each crop not later than February 15 preceding the marketing year for the crop for which the loan rate is being determined. (c) AREA MARKETING ASSOCIATIONS.— (1) WAREHOUSE STORAGE LOANS.— (A) IN GENERAL.— In carrying out subsections (a) and (b), the Secretary shall make warehouse storage loans available in each of the producing areas (described in section 1446.95 of title 7 of the Code of Federal Regulations (January 1, 1989)) to a designated area marketing association of peanut producers that is selected and approved by the Secretary and that is operated primarily for the purpose of conducting the loan activities. The Secretary may not make warehouse storage loans available to any cooperative that is engaged in operations or activities concerning peanuts other than those operations and activities specified in this section and section 358e of the Agricultural Adjustment Act of 1938 (7 U.S.C. 1359a). (B) ADMINISTRATIVE AND SUPERVISORY ACTIVITIES. —An area marketing association shall be used in administrative and supervisory activities relating to loans and marketing activities under this section and section 358e of the Agricultural Adjustment Act of 1938 (7 U.S.C. 1359a). (C) ASSOCIATION COSTS. —Loans made to the association under this paragraph shall include such costs as the area marketing association reasonably may incur in carry- ing out the responsibilities, operations, and activities of the association under this section and section 358e of the Agricultural Adjustment Act of 1938 (7 U.S.C. 1359a). (2) POOLS FOR QUOTA AND ADDITIONAL PEANUTS.— (A) IN GENERAL.— The Secretary shall require that each Records. area marketing association establish pools and maintain New Mexico, complete and accurate records by area and segregation for quota peanuts handled under loan and for additional peanuts placed under loan, except that separate pools shall be established for Valencia peanuts produced in New Mexico. (B) ELIGIBILITY TO PARTICIPATE IN NEW MEXICO POOLS.—

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