Market News

To provide timely and accurate information on prices, demand, movement, volume, and quality on all major U.S.

agricultural commodities.

credit: sun-sentinel


Agency - Department of Agriculture

Established in 1862, the Department of Agriculture serves all Americans through anti-hunger efforts, stewardship of nearly 200 million acres of national forest and rangelands, and through product safety and conservation efforts. The USDA opens markets for American farmers and ranchers and provides food for needy people around the world.

Office - AMS field offices are listed in Appendix IV of the Catalog.



Program Accomplishments

None.

Uses and Use Restrictions

The information can be used by anyone as a basis for judging prevailing commodity values.

Market news information is disseminated by the news media, as well as by mimeographed reports, bulletin boards, telephone, facsimile machines, data networks, and telegraph.

Eligibility Requirements

Applicant Eligibility

Any public or private organization, or individual, including those located in the U.S.

Territories, may subscribe to existing market news reports or bulletins pertaining to specific agricultural commodities.

Beneficiary Eligibility

Anyone availing themselves of this service.

Credentials/Documentation

Costs will be determined in accordance with OMB Circular No. A-87 for State and local governments.

Aplication and Award Process

Preapplication Coordination

None.

This program is excluded from coverage under E.O.

12372.

Application Procedures

Requests for Market News should be made to the appropriate commodity division of the AMS field office (see Appendix IV of the Catalog for listing of office locations). The standard application forms as furnished by the Federal agency and required by OMB Circular No. A-102 must be used for this program.

Award Procedures

None.

Deadlines

None.

Authorization

Cotton Statistics and Estimates Act, 7 U.S.C. 471- 473, 473b, 475-476; Tobacco Inspection Act, 7 U.S.C. 511h; Agricultural Marketing Act of 1946, 7 U.S.C. 1622k; Tobacco Statistics Act, 7 U.S.C. 501-508; Naval Stores Act, 7 U.S.C. 91-99; Cotton Futures Act, 7 U.S.C. 15b; Peanut Statistics Act, 7 U.S.C. 951-957; Food Security Act of 1985, as amended.

Range of Approval/Disapproval Time

None.

Appeals

None.

Renewals

None.

Assistance Considerations

Formula and Matching Requirements

None.

Length and Time Phasing of Assistance

None.

Post Assistance Requirements

Reports

None.

Audits

In accordance with the provisions of 7 CFR Part 3052, which implement OMB Circular No. A-133 (Revised, June 27, 2003), "Audits of States, Local Governments, and Non-Profit Organizations," nonfederal entities that expend financial assistance of $500,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Nonfederal entities that expend less than $500,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in 7 CFR 3052.

Records

None.

Financial Information

Account Identification

12-2500-0-1-352.

Obigations

(Salaries and expenses) FY 07 $32,182,000; FY 08 est $32,745,000; and FY 09 est not reported.

Range and Average of Financial Assistance

None.

Regulations, Guidelines, and Literature

MB-40, "The Federal- State Market News Services;" MB-41, "Market News Service on Cotton;" MB-61, "The Market News Service on Fruits, Vegetables, Ornamental and Specialty Crops;" MB-44, "The Market News Service on Grain;" MB-63 "Market News Service on Dairy, MB-60 Market News Service and Poultry Products;" MB-43, "Market News Service for Tobacco and Naval Stores;" Annual Market Statistical Summaries are available for sale only through the AMS commodity divisions.

Information Contacts

Regional or Local Office

AMS field offices are listed in Appendix IV of the Catalog.

Headquarters Office

Associate Administrator, Agricultural Marketing Service, Department of Agriculture, Washington, DC 20250. Telephone: (202) 720-4276.

Criteria for Selecting Proposals

None.



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