7 C.F.R. § 1421.13

Special loan deficiency payments

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(a)(1) Eligible producers of unshorn pelts produced from live sheep and hay and silage derived from an eligible loan commodity as provided in § 1421.5 are eligible to request unshorn pelt, hay, and silage quantities for a LDP under subpart C of this part.

(2) Unshorn pelts, hay, and silage derived from an eligible loan commodity are not eligible to be pledged as collateral to obtain a MAL under subpart B of this part.

[71 FR 32424, June 6, 2006, as amended at 74 FR 15654, Apr. 7, 2009; 80 FR 129, Jan. 2, 2015]

Notes of Decisions

Cited in 1 case, 1986–1986 · leading case: United States v. Bisson, 646 F. Supp. 701 (D.S.D. 1986).

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United States v. Bisson, 646 F. Supp. 701 (D.S.D. 1986). “The language cited by Bisson refers to 7 CFR § 1421.13 , which provides as follows: CCC does not require the producer to insure the commodity placed under a farm storage loan, however, if the producer insures such commodity and an indemnity is paid thereon, *706 such indemnity…”

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