[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: 7CFR1437.301]

[Page 605]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1437_NONINSURED CROP DISASTER ASSISTANCE PROGRAM--Table of Contents
 
               Subpart D_Determining Coverage Using Value
 
Sec.  1437.301  Value loss.


    (a) Special provisions are required to assess losses and calculate 
assistance for a few crops and commodities which do not lend themselves 
to yield loss situations. Assistance for these commodities is calculated 
based on the loss of value at the time of disaster. The agency shall 
determine which crops shall be treated as value-loss crops, but unless 
otherwise announced, such crops shall be limited to those identified in 
Sec. Sec.  1437.303 through 1437.309 as value loss crops. Lost 
productions of value loss crops shall be compensable only under this 
subpart.
    (b) The crop year for all value loss crops is October 1 through 
September 30.
    (c) Producers must file an application for coverage in accordance 
with Sec.  1437.6, and must:
    (1) Provide a report of the crop, commodity, and facility to CCC for 
the acreage or facility, in a form prescribed by CCC, no later than the 
beginning of the crop year.
    (2) Maintain a verifiable inventory of the eligible crop throughout 
the crop year; and
    (3) Provide an accurate accounting of the inventory, as required by 
CCC.