Eligible producers.

CFR · 2024-01-01 · US · Title 7

(a) To be an eligible producer, the producer must: (1) Be an individual person that is a U.S. Citizen or Resident Alien, or a partnership, association, corporation, estate, trust, or other legal entity consisting solely of U.S. Citizens or Resident Aliens that produces an eligible crop as a landowner, landlord, tenant, or sharecropper; and (2) Comply with all provisions of this part and, as applicable: (i) 7 CFR part 3—Debt Management; (ii) 7 CFR part 12—Highly Erodible Land and Wetland Conservation; (iii) 7 CFR 400.680, Controlled substance; (iv) 7 CFR part 1400, adjusted gross income (AGI) provisions: (A) Program year 2015 will be used to determine AGI for the OFF Program, therefore the AGI will be the average of tax years 2013, 2012, and 2011; and (B) The OFF Program allows an exception to the $900,000 average AGI limitation if at least 75 percent of the average AGI was derived from farming, ranching, or forestry operations. CCC-942 is used to collect the producer and certified public accountant (CPA) or attorney certification statements; (v) 7 CFR part 707—Payments Due Persons Who Have Died, Disappeared, or Have Been Declared Incompetent; (vi) 7 CFR part 718—Provisions Applicable to Multiple Programs; and (vii) 7 CFR part 1400—Payment Limitation and Payment Eligibility. (b) A receiver or trustee of an insolvent or bankrupt debtor's estate, an executor or an administrator of a deceased person's estate, a guardian of an estate of a ward or an incompetent person, and trustee

official document · source cfr-2024 · id 7:§ 756.5