TITLE 7 - AGRICULTURE

SUBTITLE B - REGULATIONS OF THE DEPARTMENT OF AGRICULTURE

CHAPTER XIV - COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE

SUBCHAPTER B - LOANS, PURCHASES, AND OTHER OPERATIONS

PART 1412 - DIRECT AND COUNTER - CYCLICAL PROGRAM AND PEANUT QUOTA BUYOUT PROGRAM

subpart a - GENERAL PROVISIONS

1412.101 - Applicability.

This part governs: (a) How crop acreage bases and farm program payment yields are established or updated by owners of a farm for the purpose of calculating direct and counter-cyclical payments for wheat, corn, grain sorghum, barley, oats, upland cotton, rice, peanuts, soybeans, sunflower seed, rapeseed, canola, safflower, flaxseed, mustard seed, crambe, sesame seed, and other oilseeds, as determined and announced by the Commodity Credit Corporation (CCC), for the years 2002 through 2007; (b) The month in which producers on a farm may enter into annual Direct and Counter-cyclical Program (DCP) contracts with CCC for each of the years 2002 through 2007; (c) The month in which peanut producers may establish such bases and yields in order to receive 2002 direct and counter-cyclical payments; and (d) The month in which peanut producers may assign such bases and yields to a farm for each of the years 2003 through 2007.

[67 FR 64751, Oct. 21, 2002, as amended at 68 FR 37939, June 26, 2003]