Eligibility requirements.

CFR · 2024-01-01 · US · Title 7

(a) An eligible producer is the owner of a portion or all of the domestically-grown sugar beets or sugarcane, including share rent landowners, at both the time of harvest and the time of delivery to the processor, except those producers determined to be ineligible as a result of the regulations governing highly erodible land and wetland conservation found at 7 CFR part 12, regulations governing crop insurance at 7 CFR part 400, or regulations governing controlled substance violations at 7 CFR part 718. (b) In addition to all other provisions of this part, a sugar beet or sugarcane processor is eligible for loans only if the processor has agreed to all the terms and conditions in the loan application, and has executed a note and security agreement, and storage agreement with CCC. No loan proceeds will be distributed by CCC before CCC's approval of the note and security agreement and the CCC storage agreement. (c) Sugar pledged as collateral during the crop year: (1) May not exceed the quantity derived from processing domestically-grown sugar beets or sugarcane from eligible producers during the applicable crop year; (2) Must be processed and owned by the eligible processor and stored in a CCC-approved warehouse; (3) May not have been processed from imported sugarcane, sugar beets in-process sugars, or molasses; (4) Must have been processed in the United States; and (5) Must have processor certification in the loan application that the sugar or in-process sugar syrups are eligi

official document · source cfr-2024 · id 7:§ 1435.102