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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 7 - Agriculture |
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Subtitle B - Regulations of the Department of Agriculture |
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Chapter VII - Farm Service Agency, Department of Agriculture |
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SubChapter B - Farm Marketing Quotas, Acreage Allotments, and Production Adjustment |
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Part 723 - TOBACCO |
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Subpart C - Tobacco Subject to Quota, Exemptions From Quotas, Marketing Cards, and General Penalty Provisions |
§ 723.308 - Rate of penalty.
Latest version.
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The rate of penalty for a marketing year shall be equal to seventy-five (75) percent of the average market price for the kind of tobacco for the immediately preceding marketing year as determined and announced annually by the U.S. Department of Agriculture.