Program Descriptions
Program Number
10.153
Title
Market News
Federal Agency
AGRICULTURAL MARKETING SERVICE, DEPARTMENT OF AGRICULTURE
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.
Status
Active
Objectives
To provide timely and accurate information on prices, demand, movement, volume, and quality on all major U.S. agricultural commodities.
Types of Assistance
Dissemination of Technical Information.
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.
Application and Award Process
Preapplication Coordination
None. This program is excluded from coverage under E.O. 12372.
Application Procedure
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 Procedure
None.
Deadlines
None.
Range of Approval/Disapproval Time
None.
Appeals
None.
Renewals
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.
Obligations
(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.
Program Accomplishments
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.
Web Site Address
http://www.ams.usda.gov
Related Programs
10.250, Agricultural And Rural Economic Research
10.950, Agricultural Statistics Reports
10.500, Cooperative Extension Service
10.700, National Agricultural Library
11.001, Census Bureau Data Products
11.110, Manufacturing And Services
Examples of Funded Projects
None.
Criteria for Selecting Proposals
None.
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