Source: https://www.law.cornell.edu/cfr/text/7/1427.170
Timestamp: 2018-05-28 08:11:21
Document Index: 650988085

Matched Legal Cases: ['art 1427', '§ 1427', '§ 7231', '§ 7232', '§ 7233', '§ 7234', '§ 7235', '§ 7236', '§ 8737', '§ 714', '§ 714', 'art 1427', 'art 718', 'art 1427']

7 CFR 1427.170 - Quantity for loan. | US Law | LII / Legal Information Institute
CFR › Title 7 › Subtitle B › Chapter XIV › Subchapter B › Part 1427 › Subpart D › Section 1427.170
7 CFR 1427.170 - Quantity for loan.
§ 1427.170 Quantity for loan.
(a) The quantity of lint cotton in each lot of seed cotton tendered for loan will be determined by the FSA county office by multiplying the weight or estimated weight of seed cotton by the lint turnout factor determined under paragraph (b) of this section.
(b) The lint turnout factor for any lot of seed cotton will be the percentage determined by the county committee representative during the initial inspection of the lot. If a control portion of the lot is weighed and ginned, the turnout factor determined for the portion of cotton ginned will be used for the lot. If a control portion is not weighed and ginned, the lint turnout factor will not exceed 32 percent for machine-picked cotton and 22 percent for machine-stripped cotton unless acceptable proof is furnished showing that the lint turnout factor is greater.
(c) Loans will not be made on more than a percentage established by the county committee of the quantity of lint cotton determined as provided in this section. If the seed cotton is weighed, the percentage to be used will not be more than 95 percent. If the quantity is determined by measurement, the percentage to be used will not be more than 90 percent. The percentage to be used in determining the maximum quantity for any loan may be reduced below such percentages by the county committee when determined necessary to protect the interests of CCC on the basis of one or more of the following risk factors:
(1) Condition or suitability of the storage site or structure;
(2) Condition of the cotton;
(3) Location of the storage site or structure; and
(4) Other factors peculiar to individual farms or producers which related to the preservation or safety of the loan collateral. Loans may be made on a lower percentage basis at the producer's request.
[ 67 FR 64459, Oct. 18, 2002, as amended at 80 FR 136, 139, Jan. 2, 2015]
§ 7231 - Availability of nonrecourse marketing assistance loans
§ 7232 - Loan rates for marketing assistance loans
§ 7233 - Term of loans
§ 7234 - Repayment of loans
§ 7235 - Loan deficiency payments
§ 7236 - Special marketing loan provisions for upland cotton
§ 8737 - Special marketing loan provisions for upland cotton
§ 714b - General powers of Corporation
§ 714c - Specific powers of Corporation
110-246
Title 7 published on 19-May-2018 03:54
The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 7 CFR Part 1427 after this date.
80 FR 114 - Marketing Assistance Loans, Loan Deficiency Payments, and Sugar Loans
FR Doc. 2014-30530
RIN 0560-AI28
DEPARTMENT OF AGRICULTURE, Commodity Credit Corporation, Farm Service Agency
Effective Date: January 2, 2015.
7 CFR Part 718
The Farm Service Agency (FSA) is revising regulations on behalf of the Commodity Credit Corporation (CCC) as required by the Agricultural Act of 2014 (2014 Farm Bill) to update the Marketing Assistance Loan (MAL) and Loan Deficiency Payments (LDP) Programs for wheat, feed grains, soybeans, oilseeds, peanuts, pulse crops, cotton, honey, wool and mohair. In general, the 2014 Farm Bill extends the existing programs with the minor changes that are implemented in this rule, including a revised formula for upland cotton loan rates. This rule also amends the regulations for the Economic Adjustment Assistance for Users of Upland Cotton Program, the Extra Long Staple (ELS) Cotton Competitiveness Payment Program, and the Sugar Program to reflect that the programs were extended by the 2014 Farm Bill. Most of the provisions in this rule have already been implemented, beginning with the 2014 crop year.
77 FR 19925 - Upland Cotton Base Quality
FR Doc. 2012-7990
RIN 0560-AI16
DEPARTMENT OF AGRICULTURE, Commodity Credit Corporation
Effective date: April 3, 2012.
7 CFR Part 1427
This rule makes technical changes to the Commodity Credit Corporation (CCC) upland cotton marketing assistance loan (MAL) regulations to revise certain grade and quality references. Changes include revising references to specific quality characteristics of certain base quality grades to simply a reference to the “base quality” of the grade without further specification. CCC uses base quality to calculate upland cotton loan rates, Adjusted World Price (AWP), and related adjustments. This change will accommodate any future changes to the base quality specifications that define the base quality characteristics of a particular grade. This rule also changes a broad reference of a base grade to a more specific reference that names the particular relevant grade. None of these changes involve a change of policy and would not have affected any program determinations in past crop years, had these changes been in place at the time. They improve the regulations by maintaining consistency with base quality specifications as that may change in the future. This amendment will apply starting with the 2012 crop.