[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: 7CFR1412.501]

[Page 402]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1412_DIRECT AND COUNTER-CYCLICAL PROGRAM AND PEANUT QUOTA BUYOUT 
 
Subpart E_Financial Considerations Including Sharing Direct and Counter-
                            Cyclical Payments
 
Sec.  1412.501  Limitation of direct and counter-cyclical payments.

    Source: 67 FR 64751, Oct. 21, 2002, unless otherwise noted.


    (a) The sum total of all annual direct payment amounts shall not 
exceed the amounts specified in part 1400 of this chapter.
    (b) The sum total of all annual counter-cyclical payment amounts 
shall not exceed the amounts specified in part 1400 of this chapter.
    (c) The amount of 2002 direct and counter-cyclical payments for a 
farm shall not exceed the maximum amount that would have been paid based 
on the number of persons as determined in accordance with part 1400 of 
this chapter on the farm as of May 13, 2002.
    (d) The provisions of part 1400 of this chapter apply to this part.