Calculating payments for milk losses.

CFR · 2024-01-01 · US · Title 7

(a) Payments made under this subpart to a participant for loss of milk as a result of a qualifying disaster event are calculated as follows: (1) Amount of the fair market value of the farmer's normal marketings for the application period; less (2) Any amount the farmer received for milk marketed during the applications period; and (3) Any payment not subject to refund which the farmer received from a milk marketing organization with respect to milk removed from the commercial market during the application period; (4) Multiplied by a program factor of 90 percent for underserved farmers or ranchers, or 75 percent for all other farmers or ranchers. (b) [Reserved]

official document · source cfr-2024 · id 7:§ 760.1720