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8 - Quota Administration
No quarterly quotas second year of extension. Subsequent years,
quarterly quotas could be invoked under specific conditions. Adjust-
ment in consumption estimate required if the price of sugar is 3
percent above or below the guide price for 5 market days. No
geographical limitations.
9 - Reallocation of Deficits
Foreign and domestic deficits to be declared and allocated when known,
including at the time the initial consumption determination is announced.
The deficit situation is also to be reviewed every 60 days. Foreign
deficits to be reported not later than June 1; in the event of failure to
report, the Secretary shall determine such deficits, reduce quotas
correspondingly, and reallocate same with special consideration to be
given to timely availability of supplies.
10 - Puerto Rican Refined Quota
Puerto Rican refined quota calculated at 1. 5 percent of consumption
estimate up to 11 million tons, and at 0. 5 percent above 11 million
tons. Give Puerto Rican refiners right to import sugar under bond.
11 - Payment and Tax Provisions
Reduce the scale of Sugar Act payments by 40 cents per hundredweight,
except that for the first interval of 350 tons of sugar production the
reduction would be 35 cents per hundredweight; under this proposal,
no payment per farm would exceed $60, 400 and no payment at all would
be made to a farm producing over 60, 200 tons. This payment reduction
would be coupled with a reduction of 40 cents per hundredweight in the
excise tax on sugar. The tax reduction to be passed back to the grower
to compensate for the reduced Government payment. This proposal
would protect the income of sugar beet and sugarcane growers, protect
domestic sugar supplies, and maintain the relative economic positions
of the various segments of the domestic industry and between domestic
and foreign producers, and would not affect the price of sugar to
consumers.
12 - Miscellaneous Technical Recommendations
These include clarification of qualification for abandonment and deficiency
payments; preservation of acreage history for 3 years in areas where
beet sugar factories close and clarification of personal history in instances
where an operator dies or is incapacitated.
Source: https://www.industrydocuments.ucsf.edu/docs/yqxv0228

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