Applicability and interest.

CFR · 2024-01-01 · US · Title 7

(a) The regulations in this subpart are applicable to crops of barley, small and large chickpeas, corn, grain sorghum, lentils, oats, dry peas, peanuts, rice, wheat, wool, mohair, oilseeds and other crops designated by Commodity Credit Corporation (CCC). These regulations specify the general provisions under which Marketing Assistance Loans (MALs) and Loan Deficiency Payments (LDPs) will be administered by CCC. Additional terms and conditions are in the additional documents (b)(1) The basic loan rates, the schedule of premiums and discounts, and forms applicable to the MAL and LDP Programs for the commodities specified in paragraph (a) of this section are available in Farm Service Agency (FSA) State and county offices. The forms for use in these programs will be prescribed by CCC. (2) LDPs will be available for unshorn pelts, hay and silage. (c) MALs and LDPs will not be available for any commodity produced on land owned or otherwise in the possession of the United States if such land is occupied without the consent of the United States. (d) Producers who produced eligible loan commodities are eligible for MALs or LDPs. (e) Adjusted Gross Income (AGI) provisions specified in part 1400 of this chapter apply to this part.

official document · source cfr-2024 · id 7:§ 1421.1