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.
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.
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.
P. O. Box 419205
Office Hours: 7:00 a.m. - 4:30 p.m.
