MPP-Dairy premium repayments.

CFR · 2024-01-01 · US · Title 7

(a) A dairy operation that participated in MPP-Dairy during any of calendar years 2014 through 2017 may receive a repayment in an amount equal to the difference between the total amount of premiums paid by the dairy operation for each applicable calendar year of coverage and the total amount of payments made to the MPP-Dairy participating dairy operation for that applicable calendar year. (b) FSA will determine the calculated repayment amounts for each year for each dairy operation that participated in MPP-Dairy during the years of 2014 through 2017. (1) Coverage years in which the payments exceeded premiums paid for that coverage year will yield a $0 calculation for that calendar year. (2) Dairy operations must provide adequate proof, to the satisfaction of FSA, for calculated repayment amounts in dispute. (c) Qualifying dairy operations according to paragraph (a) of this section, must elect on a form prescribed by CCC, to receive the repayment in either an amount that is equal to the following: (1) 75 percent of the calculated repayment as a credit that may be used by the dairy operation towards DMC premiums; or (2) 50 percent of the calculated repayment as a direct cash repayment. (d) Dairy operations may transfer their premium repayment election choice in paragraph (c) of this section to a dairy operation that succeeded to the dairy operation through a succession-in-interest transfer under MPP-Dairy. However, the dairy operation to which the election choice is being trans

official document · source cfr-2024 · id 7:§ 1430.408