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Commodity Operations
Peanut Storage Agreement

 
Spotlights

 

 

 
Commodity Credit Corporation (CCC) enters into Peanut Storage Agreements (PSA) with private individuals and companies to allow warehouse operators to store commodities owned by CCC or pledged as security to CCC for marketing assistance loans. See notice BCD-72 and BCD-30 for additional information.

 
Notice to the Trade BCD-73 (Aug 17, 2004) provides Updated Instructions for Preparing Warehouse Receipts, Proper Filing of the Farm Service Agency's (FSA) Form 1007; Restatement of Warehouse Operator's Duty Regarding Daily Position Record (DPR) Maintenance and the Issuance and Cancellation of Warehouse Receipts.

 
For information on the optional use of Form FSA-1007 in Lieu of Peanut Weight Certificates and revised instructions for preparing 2003-Crop Peanut Warehouse Receipts, please review Notice to the Trade BCD-56/WLED-5 released Aug 1, 2003.

 
To be approved to store CCC-owned or loan peanuts, warehouse operators must:

 
  • Submit an application to the Storage Contract Branch, Kansas City Commodity Office (KCCO).

 
When a warehouse is approved, CCC adds the warehouse to a List of Approved PSA Warehouses which is provided to local FSA offices. Producers must store commodities in warehouses on this listing to obtain warehouse-stored marketing assistance loans.

 
Regulations & Guidelines

 
The Standards for Approval of Warehouses for Grain, and Similarly Handled Commodities are contained in the Code of Federal Regulations, Title 7 – Agriculture, Part 1423- Commodity Credit Corporation Approved Warehouses.

 
  • General requirements. (1423.4)
  • Application requirements. (1423.5)
  • Financial information documentation requirements. (1423.6)
  • Net worth alternatives. (1423.7)
  • Approval or rejection. (1423.8)
  • Examination of warehouses. (1423.9)
  • Exceptions for United States Warehouse Act licensed warehouses. (1423.10)
  • Application, inspection, and annual agreement fees. (1423.12)
  • Appeals, suspensions, and debarment. (1423.13)

 

 
Forms

 
  • This Agreement defines terms between the warehouse operator storing and handling of CCC-owned peanuts or peanuts pledged as collateral for a CCC marketing assistance loan.

 
  • Use this form when applying for a Peanut Storage Agreement to store Commodity Credit Corporation (CCC) owned and loan peanuts.

 
  • Use this form when applying for a Peanut Storage Agreement to store Commodity Credit Corporation (CCC) interest peanuts.

 
  • Use this form to provide storage andhandling rates to the Commodity Credit Corporation for warehouses covered under the Peanut Storage Agreement.

 

 
  • Furnishing this information is optional and it will be used to complete the terms of a contract between the warehouse operator and CCC.

 
  • Furnishing this information is optional and it will be used to complete the terms of a contract between the warehouse operator and CCC.

 
  • This form explains who is authorized to sign contractual documents for the company.

 
  • Used to determine if the person signing contractual documents has the authority to represent the company.

 
  • This form is used by Warehouse operators to disclose lobbying activities pursuant to 31 U.S.C. 1352.

 
  • This form is used to obtain banking information to process Disbursements by ACH/EFT.

 
  • This form is used to determine warehouseman eligibility or continued eligibility for a USWA license or a CCC storage contract by preparing this financial statement supplement.

 
  • This form is used to succeed ownership of the warehousing business to another warehouse operator, with agreement of the Commodity Credit Corporation.

 
  • This form is used to transfer all rightsand interest in ownership from one warehousing company to another, with agreement of the Commodity Credit Corporation (CCC).

 

 
Contact Information

 
USDA - Kansas City Commodity Office
Warehouse License & Examination Division (WLED)
Storage Contract Branch
Beacon Facility - Stop 8748
P. O. Box 419205
Kansas City, Missouri 64141-6205

 
Telephone: 816-926-6446
Fax: 816-926-1426

 
Express Mail Address:
USDA - Kansas City Commodity Office
Warehouse License & Examination Division
Storage Contract Branch
Beacon Facility - Stop 8748
9240 Troost Avenue
Kansas City, Missouri 64131-3055
Office Hours: 7:00 a.m. - 4:30 p.m.

 

 
Related Topics
Bullet United States Warehouse Act
Bullet Uniform Grain and Rice Storage Agreement
Bullet Cotton Storage Agreement
Bullet Processed Commodities Storage Agreement
Bullet Peanut Storage Agreement
Bullet Sugar Storage Agreement
Bullet Warehouse Services Archived Files
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Last Modified: 01/31/13 12:46:01 PM


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