§112.5. Which farms are eligible for a qualified exemption and associated modified requirements based on average monetary value of all food sold and direct farm marketing?
21 C.F.R. § 112.5
A farm is eligible for a qualified exemption and associated modified requirements in a calendar year if:
During the previous 3-year period preceding the applicable calendar year, the average annual monetary value of the food (as defined in § 112.3) the farm sold directly to qualified end-users (as defined in § 112.3) during such period exceeded the average annual monetary value of the food the farm sold to all other buyers during that period; and
The average annual monetary value of all food (as defined in § 112.3) the farm sold during the 3-year period preceding the applicable calendar year was less than $500,000, adjusted for inflation.
For the purpose of determining whether the average annual monetary value of all food sold during the 3-year period preceding the applicable calendar year was less than $500,000, adjusted for inflation, the baseline year for calculating the adjustment for inflation is 2011.
Notes, amendments, and revision history
Amendments
[80 FR 74547, Nov. 27, 2015, as amended at 84 FR 12490, Apr. 2, 2019]
Authority
Authority: 21 U.S.C. 321, 331, 342, 350h, 371; 42 U.S.C. 243, 264, 271.
Source
Source: 80 FR 74547, Nov. 27, 2015, unless otherwise noted.
Amendments
[80 FR 74547, Nov. 27, 2015, as amended at 84 FR 12490, Apr. 2, 2019]