Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 7 - Agriculture |
Subtitle B - Regulations of the Department of Agriculture |
Chapter XIV - Commodity Credit Corporation, Department of Agriculture |
SubChapter B - Loans, Purchases, and Other Operations |
Part 1412 - Agriculture Risk Coverage, Price Loss Coverage, and Cotton Transition Assistance Programs |
Subpart C - Establishment of Price Loss Coverage Yields and Submitting Production |
§ 1412.301 - Direct payment yields for covered commodities, except soybeans and other oilseeds.
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(a)(1) The direct payment yield for each covered commodity, except soybeans and other oilseeds, shall be the payment yield established for the commodity for the farm in accordance with the regulations for feed grain, rice, upland cotton and extra long staple cotton, wheat and related programs at part 1413 of this chapter in effect on January 1, 1996 (see 7 CFR part 1413, revised as of January 1, 1996). CCC shall adjust the payment yield to reflect the additional payments made in accordance with 7 CFR 1413.15.
(2) In the case of a farm for which a payment yield in accordance with paragraph (a)(1) of this section is unavailable for a covered commodity, except soybeans and other oilseeds, the county committee shall assign a payment yield for such covered commodity on the farm based upon the direct payment yield for such covered commodity on at least three similar farms physically located in the county with similar yield capability, including similar land and cultural practices.
(i) If fewer than three similar farms are physically located in the county, the State committee shall assign a payment yield for such covered commodity based upon the direct payment yield for such covered commodity on at least three similar farms in the surrounding area with similar yield capability, including similar land and cultural practices, or as determined by the Deputy Administrator.
(ii) Payment yields of similar farms shall be based on the farms' payment yields before such yields are updated in accordance with this section.
(b) For the purposes of this section popcorn shall beconsidered as corn.