§ 1415.21 - Documentation.

(a) To receive reimbursement for the cost of the premium of the put option, the producer shall provide to CCC documentary evidence of the purchase.

(b) Such documentation shall include:

(1) Broker's or brokerage firm's name and address;

(2) Producer's account number;

(3) The commodity for which the put option was purchased;

(4) The date the put option was purchased;

(5) The number of 5,000 bushel put option contracts purchased; and

(6) The price that was paid for each put option contract.

(c) Copies of such documentation shall be attached to the CCC-300 agreement and retained in the county FSA office.

(d) The final date for producers to submit evidence of purchasing a put option contract shall be the later of:

(1) 2 weeks after the put option has been purchased; or

(2) 2 weeks after the producer is notified of the deadline for submitting such documentation.

(e) Late-filed evidence of purchasing a put option may be accepted under meritorious circumstances if approved by the county committee.

(f) To receive the incentive payment, eligible producers must provide documentation, such as copies of contracts or bills of sale, to the county committee at least 2 weeks after pricing the grain that shows when the grain was priced. Such documentation must include:

(1) Buyer's name and address;

(2) Broker's or brokerage firm's name and address, if applicable;

(3) Producer's name and address;

(4) The commodity for which the put option was purchased;

(5) The date the commodity was sold;

(6) The number of bushels of the commodity that were priced; and

(7) The price that was paid.