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Iowa Aflatoxin Workshop

Iowa Aflatoxin Workshop. April 19, 2006 Ned Bergman, Chief Examination Branch Ken Knosp, Merchandiser Bulk Commodities Division. Legal Authorities for Control or Regulation. United States Warehouse Act (USWA) Commodity Credit Corporation Charter Act (CCC)

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Iowa Aflatoxin Workshop

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  1. Iowa Aflatoxin Workshop April 19, 2006 Ned Bergman, Chief Examination Branch Ken Knosp, Merchandiser Bulk Commodities Division

  2. Legal Authorities for Control or Regulation • United States Warehouse Act (USWA) • Commodity Credit Corporation Charter Act (CCC) Both Authorities are voluntary programs

  3. Purposes of Authorities Relevant to Grain Industry USWA • Allows for a system of public warehouses for storage of agricultural commodities • Facilitates trade including interstate and foreign commerce CCC • Provides financial assistance and access to capital for agricultural producers • Allows grain companies to participate in USDA farm programs • Is mechanism for food security programs

  4. Scope of Authorities in Iowa USWA • 374 Elevator locations • 573 million bushels storage space CCC • 814 Elevator locations • 1.06 billion bushels (numbers include both federal and state licensed facilities)

  5. Aflatoxin Concerns USWA • Financial risk to Licensed Grain Warehouse Operator • Depositors rights to redelivery of like quality of grain on deposit • As good Samaritans, the public health risk CCC • Protect own financial interest • Preservation of markets, especially export markets • Public health risks

  6. Quality and Grading Requirements USWA and CCC • Elevators must be equipped with all necessary grading and quality evaluation equipment for grain received • Grade grain according to official standards • Document records accurately of grain received and placed in storage • Preserve quality of grain in store • Notify USWA/CCC officials of major grain deterioration problems

  7. CCC Program Eligibility • CCC does not generally require aflatoxin testing for loan purposes • Corn tested less than 20 ppb is eligible for all program options • Corn tested greater than 20 ppb is: eligible for LDP recourse loan nonrecourse loan at 10% of loan rate will have zero settlement value when delivered against farm loan.

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