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 1479 - 2003 - 2005 CROP DISASTER PROGRAM

1479.120 - Quality losses for 2003, 2004, and 2005 crops.

  (a) Subject to other provisions of this part, CCC funds shall be made available for assistance to producers determined eligible under this section for crop quality losses greater than 20 percent of the value the affected production of the crop would have had if the crop had not suffered a quality loss. The per unit amount of a quality loss for a producer's crop shall be equal to the difference between: (1) The unit market value of the units of the crop affected by the quality loss had the crop not suffered a quality loss; and (2) The per-unit market value of the units of the crop affected by the quality loss.

  (b) The amount of payment for a quality loss shall be equal to 65 percent of the quantity of the crop affected by the quality loss, multiplied by 65 percent of the per unit quality loss for the crop as determined by the Deputy Administrator.

  (c) This section will apply to all crops eligible for 2003, 2004, and 2005 crop disaster assistance under this part, and will apply to crop production that has a reduced economic value due to the reduction in quality.

  (d) Persons may not be compensated under this section to the extent that such producers have received assistance under 1479.116 through 1479.118, or other provisions of this part, attributable in whole or in part to diminished quality.