7 CFR 760.1612
§ 760.1612 Calculating payments for on-farm stored commodity losses.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 760.1612, § 760.1612 Calculating payments for on-farm stored commodity losses, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/19606
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Full text
(a) Payments made under this subpart for eligible on-farm stored commodities are calculated by:
(1) Multiplying the NASS Market Year Average Price or FSA determined price for the eligible on-farm stored commodity by 75 percent;
(2) Multiplying the result from paragraph (a)(1) of this section by the eligible quantity of the eligible on-farm stored commodity adjusted by applicable shares of the producer;
(3) Reducing the calculated amount by subtracting any payment received from an insurance indemnity or salvage buyer; and
(4) Applying a payment factor based on the total calculated payments for all applications if the total calculated payments exceed the available funding.
(b) [Reserved]
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.