[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: 7CFR1421.202]

[Page 449]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1421_GRAINS AND SIMILARLY HANDLED COMMODITIES_MARKETING ASSISTANCE LOANS 
 
                   Subpart C_Loan Deficiency Payments
 
Sec.  1421.202  Loan deficiency payment quantity.

    (a) A loan deficiency payment may be based on 100 percent of the net 
eligible quantity specified on acceptable evidence of production of the 
commodity certified as eligible for loan deficiency payment if such 
production evidence is provided for such commodity under Sec.  1421.12.
    (b) Two or more producers may obtain a single joint loan deficiency 
payment for commodities that are stored in the same storage facility. 
Two or more producers may obtain individual loan deficiency payments for 
their share of the commodity that is stored commingled in a farm storage 
facility with commodities for which a loan deficiency payment has been 
requested and shall be liable for any damage incurred by CCC for 
incorrect certification of such commodities under Sec.  1421.203.
    (c) Two or more producers may obtain a single joint loan deficiency 
payment for commodities that are stored in an approved or unapproved 
warehouse if the acceptable documentation representing an eligible 
commodity for which a loan deficiency payment is requested is completed 
jointly for such producers.