Allotment base.

CFR · 2024-01-01 · US · Title 7

(a) (b)(1) Initially, the allotment base for each class of oil shall be established by the Committee for each registered producer, at the option of such producer, as follows: (i) The average annual number of pounds of oil of that class sold during any two marketing years of the representative base period; or (ii) The average annual number of pounds of that class of oil sold during the representative period plus 33 (iii) The quantity of that class of oil sold during the 1979 marketing year, plus the quantity of that class of oil currently available for sale. (2) If a producer has spearmint planted by February 27, 1979, but has no sales history during the representative period, the producer's allotment base shall be established by multiplying its acreage to be harvested for spearmint oil by the average amount of oil per acre sold in the allotment base of other producers in the state or area, whichever is more representative, in which the acreage is located: (c) Periodically, but at least once every five years, the Committee shall review and adjust each producer's allotment base to recognize changes and trends in production and demand. Any such adjustment shall be made in accordance with a formula prescribed by the Committee with the approval of the Secretary. (d)(1) Beginning with the 1982-83 marketing year, the Committee annually shall make additional allotment bases available for each class of oil in the amount of no more than 1 percent of the total allotment base for that cl

official document · source cfr-2024 · id 7:§ 985.53