---
kind: "section"
citation: "7 C.F.R. § 1421.201"
title: "7"
number: "1421.201"
heading: "Loan deficiency payment rate."
url: "https://uscodex.org/cfr/7/1421.201"
---

# §1421.201. Loan deficiency payment rate.

- (a) The LDP rate for a crop will be the amount by which the loan rate for the crop exceeds the rate at which CCC has announced that producers may repay their MALs as specified in [§ 1421.10](/cfr/7/1421.10.md).
- (b) The LDP rate will be the rate in effect in the county where the commodity was marketed or stored on the date:
  - (1) The request for benefits is received in the FSA Service Center, if the producer retains beneficial interest in the quantity on that date.
  - (2) Beneficial interest was lost, as determined by CCC and as provided in §§ [1421.6](/cfr/7/1421.6.md) and [1421.13](/cfr/7/1421.13.md), if on the date the request for benefits was received in the FSA Service Center the producer no longer has beneficial interest in the requested quantity.
  - (3) The commodity is delivered, if the producer elects to receive the LDP rate based on the date of delivery.
- (c) The LDP applicable to such crop will be computed by multiplying the LDP rate, as determined under [paragraph (b)](#b) of this section, by the quantity of the crop the producer is eligible to pledge as collateral for a nonrecourse MAL for which the LDP is requested.

## Notes

### Amendments

[67 FR 63511, Oct. 11, 2002, as amended at 71 FR 32425, June 6, 2006; 71 FR 51426, Aug. 30, 2006; 74 FR 15655, Apr. 7, 2009; 80 FR 126, 130, Jan. 2, 2015]

### Source

Source: 67 FR 63511, Oct. 11, 2002, unless otherwise noted.

### Authority

Authority: 7 U.S.C. 9031-9040 and 15 U.S.C. 714b and c.

### Amendments

[67 FR 63511, Oct. 11, 2002, as amended at 71 FR 32425, June 6, 2006; 71 FR 51426, Aug. 30, 2006; 74 FR 15655, Apr. 7, 2009; 80 FR 126, 130, Jan. 2, 2015]