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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 D - Special Programs |
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Part 760 - Indemnity Payment Programs |
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Subpart P - On-Farm Storage Loss Program |
§ 760.1612 - Calculating payments on-farm storage losses.
Latest version.
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§ 760.1612 Calculating payments on-farm storage losses.
(a) Payments made under this subpart to a participant for loss of stored commodities are calculated, except hay or silage, by:
(1) Multiplying the eligible quantity of the eligible commodity by the RMA determined price;
(2) Multiplying the result from paragraph (a)(1) of this section by a 75 percent factor.
(b) Payments made under this subpart to a participant for loss of stored hay or silage, by:
(1) Multiplying the eligible quantity of the eligible commodity by a price as determined by the Secretary;
(2) Multiplying the result from paragraph (b)(1) of this section by a 75 percent factor.