[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: 7CFR1421.1]

[Page 426]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1421_GRAINS AND SIMILARLY HANDLED COMMODITIES_MARKETING ASSISTANCE LOANS 
 
                            Subpart A_General
 
Sec.  1421.1  Applicability.

    Source: 67 FR 63511, Oct. 11, 2002, unless otherwise noted.


    (a) The regulations of this subpart are applicable to the 2002 
through 2007 crops of barley, small chickpeas, corn, grain sorghum, 
lentils, oats, dry peas, peanuts, rice, wheat, wool, mohair, oilseeds 
and other crops designated by Commodity Credit Corporation (CCC). These 
regulations set forth the general provisions under which marketing 
assistance loans and loan deficiency payments (LDP) will be administered 
by the CCC. Additional terms and conditions are in the note and security 
agreement and the loan deficiency payment application that must be 
executed by a producer to receive marketing assistance loans and LDP's.
    (b)(1) The basic loan rates, the schedule of premiums and discounts, 
and forms applicable to the marketing assistance and loan deficiency 
payment programs for the commodities specified in paragraph (a) of this 
section are available in Farm Service Agency (FSA) State and county 
offices. The forms for use in these programs will be prescribed by CCC.
    (2) Loan deficiency payments shall be available for unshorn pelts, 
hay and silage.
    (c) Marketing assistance loans and loan deficiency payments will not 
be available for any commodity produced on land owned or otherwise in 
the possession of the United States if such land is occupied without the 
consent of the United States.
    (d) Producers who produced eligible loan commodities are eligible 
for marketing assistance loans or loan deficiency payments.
    (e) The information collection requirements contained in this 
regulation (7 CFR part 1421) have been approved by the Office of 
Management and Budget under provisions if 44 U.S.C. chapter 35 and have 
been assigned OMB Numbers 0560-0009 and 0560-0036.

[67 FR 63511, Oct. 11, 2002, as amended at 71 FR 32422, June 6, 2006]