§ 1469.207 - Payment rate and amount.

(a) Benefits under this subpart may be made to producers of wool and mohair during the 2000 marketing year.

(1) Payment rate.

(i) The payment rate for wool is 40 cents per pound.

(ii) The payment rate for mohair is 40 cents per pound.

(2) Payment amount. The payment amount for wool or mohair will be calculated, after the conclusion of the sign-up period, by multiplying the certified pounds by the payment rate.

(b) In the event that approval of all eligible applications would result in expenditures in excess of the $19.956 million appropriated, CCC will calculate payments by tabulating all eligible pounds of wool and mohair and dividing the sum by $19.956 million to get a national payment rate per pound for wool and mohair.