The definitions in this section apply for all purposes of program administration. Terms defined in part 718 of this title
and parts 1412
and 1425 of this chapter
also apply, except where they conflict with the definitions in this section.
Administrative County Office
is the FSA
County Office where a producer's FSA
records are maintained.
Basic loan rate
means the loan rate established by CCC
for a commodity before any adjustment for premiums and discounts.
CCC means the Commodity Credit Corporation.
means all fees, costs, and expenses incurred in insuring, carrying, handling, storing, conditioning, and marketing the commodity tendered to CCC
for loan. Charges
also include any other expenses incurred by CCC
in protecting CCC
's or the producer's interest in such commodity.
Chickpeas means any chickpea that meets the definition of a chickpea according to the Grain Inspection, Packers and Stockyards Administration (GIPSA), Federal Grain Inspection Service (FGIS).
Small chickpea falls below a 20/64th sieve.
Large chickpea stays above a 20/64th sieve.
means a cooperative marketing association that is subject to regulations in Part 1425 of this chapter
means the FSA
Commodity certificate exchange
means the exchange, as provided for in part 1401 of this chapter
, of commodities pledged as collateral for a marketing assistance loan at a rate determined by CCC
in the form of a commodity certificate bearing a dollar denomination. Such certificate may not be transferred or exchanged for the inventory of CCC
Control or Recording FSA County Office
is the FSA
County Office that controls subsidiary files for producers designated as multi-county producers.
means with respect to a year, commodities harvested
in that year. That is, a reference to the 2009 crop
of a commodity means commodities that when planted were intended for harvest in calendar year 2009.
means any time relevant to the relevant crop
for that year. Thus references to the 2009 crop year
are used to include any activities relevant to the 2009 crop
Current net worth ratio means current assets minus current liabilities, divided by current liabilities, based on the financial statement provided in connection with a DMA application or a recertification for DMA status.
Department means the United States Department of Agriculture.
means the Deputy Administrator
for Farm Programs, Farm Service Agency
(FSA) or a designee of that person.
DMA Service County Office
is an FSA
County Office designated by CCC
to accept, process, and disburse bundled peanut MALs and LDPs to a DMA. In the absence of a centralized MAL
and LDP processing
system for peanuts, a service county FSA
office is necessary for entering MALs and LDPs made by DMAs into CCC
Designated Marketing Association (DMA) means an entity, or a subsidiary thereof, that performs marketing functions for peanut producers and is designated to handle marketing assistance loans and loan deficiency payments for them. A DMA is eligible to perform those functions only if the DMA meets the eligibility criteria set out elsewhere in this part.
is an account titled to the DMA at a financial institution
and funded at the discretion of CCC
for the purpose of allowing the DMA to advance funds to producers who have applied for MALs and LDPs before a subsequent MAL
or LDP is made to the DMA by an assigned FSA
Electronic warehouse receipt (EWR) means a receipt electronically filed in a central filing system by an approved provider as provided in an executed, “Farm Service Agency Provider Agreement to Electronically File and Maintain Warehouse Receipts.”
FSA means the Farm Service Agency of the United States
Department of Agriculture.
High moisture state
means corn or grain sorghum having a moisture content in excess of CCC
standards used to determine eligibility for marketing assistance loans made by the Secretary
means the certifying of a quantity of a commodity for the purpose of obtaining a marketing assistance loan or a loan deficiency payment
in excess of the quantity eligible for such marketing assistance loan or loan deficiency payment
or the making of any fraudulent representation with respect to obtaining loans or loan deficiency payments.
means wheat, corn, grain sorghum, barley, oats, rice
, soybeans, other oilseeds
, peanuts, wool
, dry peas
, lentils, chickpeas
, and other crops designated by CCC
Loan deficiency payment (LDP)
means a payment received in lieu of a loan when the CCC
-determined value is below the applicable county loan rate.
means farm stored commodities delivered to CCC
and warehouse stored commodities forfeited to CCC
, effective with the 2009 through 2012 crop
MAL means marketing assistance loan.
Medium grain rice
for the purposes of this part includes both short and medium grain rice
as defined by the U.S. Standards for Rice
means the hair sheared from a live Angora goat. Mohair
does not include pelts, or hides or mohair
shorn from pelts or hides.
means any crop
of sunflower seed, canola, rapeseed, safflower, flaxseed, mustard seed, crambe, sesame seed, and other oilseeds
as determined and announced by CCC
Other crops designated by CCC means with respect to eligibilities for benefits under this part:
Those crops harvested as other than grain, such as silage, haylage, earlage;
Specific crops designated for grazing; or
As otherwise designated by CCC.
means the Secretary of the United States
Department of Agriculture
, or the Secretary
Security for DMAs
means a certified or cashier's check payable to CCC
, an irrevocable commercial letter of credit in a form acceptable to CCC
, a performance or surety bond conditioned on the DMA fully discharging all of its obligations under this part, or other form of financial security as CCC
may deem appropriate.
means the FSA
Unauthorized disposition means the conversion of any loan quantity pledged as collateral for a farm-stored loan without prior written authorization from the county committee.
Unauthorized removal means the movement of any farm-stored loan quantity from the storage structure in which the commodity was stored or structures that were designated when the loan was approved to any other storage structure, whether or not such structure is located on the producer's farm, without prior written authorization from the county committee.
means the removed skin and attached wool
from a slaughtered lamb that has never been shorn.
Warehouse receipt means a receipt containing the required information prescribed in this part and is:
A pre-numbered, negotiable warehouse receipt issued under the authority of the U.S. Warehouse Act, a state licensing authority, or by an approved CCC warehouse in such format authorized and approved, in advance, by CCC;
An electronic warehouse receipt issued by such warehouse recorded in a central filing system or system maintained in one or more locations which are approved by FSA to operate such system; or
Other such acceptable evidence of title, as determined by CCC.
means the fiber sheared from a live sheep and includes, unless noted otherwise, graded and nongraded wool