Total farm revenue.

CFR · 2024-01-01 · US · Title 7

(a) For the purpose of SURE payment calculation, total farm revenue will equal the sum obtained by adding the amounts calculated in paragraphs (a)(1) through (a)(12) of this section. (1) The estimated actual value for each crop produced on a farm, except for value loss crops, which equals the product obtained by multiplying: (i) The actual production of the payment acres for each crop on a farm for purposes of determining losses under FCIA or NAP; and (ii) NAMP, as calculated for the marketing year as specified in § 760.640 and as adjusted if required as specified in § 760.641. (2) The estimated actual value for each value loss crop produced on a farm that equals the value of inventory immediately after disaster. (3) 15 percent of the amount of any direct payments made to the participant under part 1412 of this title. (4) The total amount of any counter-cyclical and average crop revenue election payments made to the participant under part 1412 of this title. (5) The total amount of any loan deficiency payments, marketing loan gains, and marketing certificate gains made to the participant under parts 1421 and 1434 of this title. (6) The amount of payments for prevented planting. (7) The amount of crop insurance indemnities. (8) The amount of NAP payments received. (9) The value of any guaranteed payments made to a participant in lieu of production pursuant to an agreement or contract, if the crop is included in the SURE guarantee. (10) Salvage value for any crops salvaged. (11

official document · source cfr-2024 · id 7:§ 760.635