Beneficial interest is a requirement.
However, beneficial interest exceptions are being made for these non-participating farms only, until 30 days after the regulations are published in the Federal Register. The beneficial interest exception applies only until the Federal Regulations are published and is only applicable to non-participating farms and only applicable to the 2000 crop year. Producers who have already lost beneficial interest on harvested 2000 crop from non-participating PFC farms can apply for an LDP now through the publishing of the Federal Regulations. After that, Beneficial Interest will be required, just as it is required for participating PFC farms. Last Updated July 25, 2000.