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Title 7: Agriculture
Subtitle B: Regulations of the Department of Agriculture (Continued)
CHAPTER XIV: COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
SUBCHAPTER B: LOANS, PURCHASES, AND OTHER OPERATIONS
PART 1437: NONINSURED CROP DISASTER ASSISTANCE PROGRAM
Subpart D: Determining Coverage Using Value
1437.302 - Determining payments.
Subject to all restrictions and the availability of funds, value loss payments for qualifying losses will be determined by:
(a) Multiplying the field market value of the crop before the disaster by 50 percent;
(b) Subtracting the sum of the field market value after the disaster and value of ineligible causes of loss from the result from paragraph (a)(1) of this section;
(c) Multiplying the result from paragraph (a)(2) of this section by the producer's share;
(d) Multiplying the result from paragraph (a)(3) of this section by 55 percent plus whatever factor deemed appropriate to reflect savings from non-harvesting of the damaged crop or other factors as appropriate;
(e) Multiplying the salvage value by the producer's share;
(f) Subtracting the result from paragraph (a)(5) of this section from the result from paragraph (a)(4) of this section.
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