(a) Payments made under this subpart to a participant for loss of stored commodities are calculated, except hay or silage, by:
(1) Multiplying the eligible quantity of the eligible commodity by the RMA determined price;
(2) Multiplying the result from paragraph (a)(1) of this section by a 75 percent factor.
(b) Payments made under this subpart to a participant for loss of stored hay or silage, by:
(1) Multiplying the eligible quantity of the eligible commodity by a price as determined by the Secretary;
(2) Multiplying the result from paragraph (b)(1) of this section by a 75 percent factor.
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
cite as: 7 CFR 760.1612