Definitions.

CFR · 2024-01-01 · US · Title 7

(a) The following definitions apply to all determinations made under this subpart. (b) The terms defined in parts 718, 1400, and 1437 of this title and subpart B of this part will be applicable, except where those definitions conflict with the definitions set forth in this section In the event that a definition in any of those parts conflicts with the definitions set forth in this subpart, the definitions in this subpart apply. Any additional conflicts will be resolved by the Deputy Administrator. (1) For each insurable crop on the farm, excluding value loss crops, the product obtained by multiplying: (i) 100 percent of the per unit price for the crop used to calculate a crop insurance indemnity for the applicable crop insurance if a crop insurance indemnity is triggered. If a price is not available, then the price is 100 percent of the NAP established price for the crop, times (ii) The relevant per unit quantity of the crop produced on the farm, adjusted for quality losses, plus (2) For each noninsurable crop on the farm, excluding value loss crops, the product obtained by multiplying: (i) 100 percent of the per unit NAP established price for the crop, times (ii) The relevant per unit quantity of the crop produced on the farm, adjusted for quality losses, plus (3) For value loss crops, the value of inventory immediately after the disaster. (1) In the case of an eligible participant on a farm that has at least 4 years of actual production history for an insurable crop that ar

official document · source cfr-2024 · id 7:§ 760.602