Selection of starting month.

CFR · 2024-01-01 · US · Title 7

(a) A dairy operation that enters into a MILC contract with CCC must designate the starting month for each fiscal year for the calculation of payments and pound limits for the operation. Once a start month is chosen for a fiscal year the corresponding month will be the start month for each subsequent fiscal year unless changed by an affirmative request in writing on a form approved by CCC. The production start month must be selected on or before the 14th of the month before the month for which payment is sought. If such date falls on a weekend, the start month selection must be made on the last business day preceding the weekend. A dairy operation cannot select as the start month for payment a month which: (1) Has already begun, except as provided in paragraph (c)(1) of this section; (2) Has already passed; or (3) During which no milk production was produced by the dairy operation. (b) For FY 2009, if the operation signs its FY 2008 through 2012 MILC contract within 30 days of the beginning of the application period it can pick any preceding FY 2009 month as its start month for that period or can use the normal rule of paragraph (c) of this section to pick the start month. (c) Except as provided in paragraph (b) of this section, the start month for a fiscal year may only be (1) For the fiscal year in which the contract is submitted, the month the contract is submitted or (2) For a fiscal year that has not yet begun, any month, provided that a month may not be selected after t

official document · source cfr-2024 · id 7:§ 1430.205