[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: 7CFR1421.103]

[Page 437-438]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1421_GRAINS AND SIMILARLY HANDLED COMMODITIES_MARKETING ASSISTANCE LOANS 
 
                  Subpart B_Marketing Assistance Loans
 
Sec.  1421.103  Approved storage.

    (a) Approved farm storage is:

[[Page 438]]

    (1) A storage structure located on or off the farm, (excluding 
public warehouses that do not enter into an agreement with CCC), that 
CCC determines to be controlled by the producer which affords safe 
storage of collateral pledged for a marketing assistance loan;
    (2) If determined and announced to be available in a State or 
county, on ground storage and other temporary storage structures 
approved by CCC.
    (3) As determined by CCC, temporary approved storage may also 
include:
    (i) On-ground storage or;
    (ii) Other storage arrangements.
    (b) CCC may reduce the quantity of a commodity pledged as collateral 
for a loan made available under paragraph (a)(2) of this section to not 
more than 75 percent of such otherwise eligible quantity in order to 
protect the interests of CCC. CCC may also limit the length of time the 
commodity may be stored on-ground or in temporary structures to not more 
than 90 days. A marketing assistance loan made with respect to such 
commodity which is not moved to a structure specified in (a)(2) within 
90 days of the date the loan was disbursed may be called by CCC.
    (c) Approved warehouse storage shall consist of a public warehouse 
for which a CCC storage agreement for the commodity is in effect that is 
approved by CCC for price support purposes. Such a warehouse is referred 
to in this by part as an approved warehouse. The names of approved 
warehouses may be obtained from the FSA, Kansas City Commodity Office, 
P.O. Box 419205, Kansas City, Missouri 64141-6205, from State and county 
offices, or at the FSA web site on the Internet.