[Code of Federal Regulations]
[Title 7, Volume 10]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR1412.203]

[Page 391-392]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1412_DIRECT AND COUNTER-CYCLICAL PROGRAM AND PEANUT QUOTA BUYOUT 
 
Subpart B_Establishment of Base Acres for a Farm for Covered Commodities
 
Sec.  1412.203  Base acres and Conservation Reserve Program.

    (a) Subject to paragraphs (d) and (e) of this section, eligible 
producers may, at the beginning of each fiscal year, adjust the base 
acres for covered commodities and peanuts with respect to the farm by 
the number of crop acreage base acres protected by a Conservation 
Reserve Program contract entered into under section 1231 of the Food 
Security Act of 1985 (1985 Act) that expired or was voluntarily 
terminated on or after May 13, 2002.
    (b) Subject to paragraphs (d) and (e) of this section, eligible 
producers may, at the beginning of each fiscal year, adjust the base 
acres for covered commodities and peanuts with respect to the farm by 
the number of cropland acres reduced by a producer on a CCC-approved 
standard, uniform form designated by CCC in order to enroll such acres 
in a conservation reserve program contract entered into under section 
1231 of the 1985 Act. Eligible producers may adjust base acres only when 
the Conservation Reserve Program contract entered into under section 
1231 of the 1985 Act expires or is voluntarily terminated on or after 
May 13, 2002.
    (c) Subject to paragraphs (d) and (e) of this section, if neither 
paragraphs (a) nor (b) of this section apply, the Deputy Administrator 
may allow eligible producers to adjust base acres for covered 
commodities and peanuts with respect to the farm in a manner determined 
acceptable by the Deputy Administrator when a Conservation Reserve 
Program contract entered into under section 1231 of the 1985 Act expires 
or is voluntarily terminated on or after May 13, 2002.
    (d) The total base acreage on a farm shall not exceed the limitation 
in accordance with Sec.  1412.204.
    (e) Adjustments to base acreage on a farm in accordance with this 
section must be completed by no later than April 1 of the fiscal year 
following the fiscal year the conservation reserve

[[Page 392]]

program contract expired or was voluntarily terminated.
    (f) For the fiscal year in which an adjustment to base acres under 
this section is made, the owner of the farm shall elect to receive 
either direct payments and counter-cyclical payments with respect to the 
base acres added to the farm under this section or a prorated payment 
under the conservation reserve contract, but not both.