§760.1612. Calculating payments for on-farm stored commodity losses.
7 C.F.R. § 760.1612
Payments made under this subpart for eligible on-farm stored commodities are calculated by—
Multiplying the NASS Market Year Average Price or FSA determined price for the eligible on-farm stored commodity by 75 percent;
Multiplying the result from paragraph (a)(1) of this section by the eligible quantity of the eligible on-farm stored commodity adjusted by applicable shares of the producer;
Reducing the calculated amount by subtracting any payment received from an insurance indemnity or salvage buyer; and
Applying a payment factor based on the total calculated payments for all applications if the total calculated payments exceed the available funding.
[Reserved]
Notes, amendments, and revision history
Amendments
[90 FR 51974, Nov. 18, 2025]
Source
Source: 84 FR 48532, Sept. 13, 2019, unless otherwise noted.
Authority
Authority: 7 U.S.C. 4501 and 1531; 16 U.S.C. 3801, note; 19 U.S.C. 2497; Title III, Pub. L. 109-234, 120 Stat. 474; Title IX, Pub. L. 110-28, 121 Stat. 211; Sec. 748, Pub. L. 111-80, 123 Stat. 2131; Title I, Pub. L. 115-123, 132 Stat. 65; Title I, Pub. L. 116-20, 133 Stat. 871; Division B, Title VII, Pub. L. 116-94, 133 Stat. 2658; Title I, Pub. L. 117-43, 135 Stat. 356; and Division N, Title I, Pub. L. 117-328, 136 Stat. 4459; Division B, Title I, Pub. L. 118-158, 138 Stat. 1722.
Amendments
[90 FR 51974, Nov. 18, 2025]