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Code of Federal Regulations Title 7. Agriculture § 7.1421.409 Monitoring AGI and payment limitations

Current as of January 02, 2025 | Updated by Findlaw Staff

(a) DMAs are required to monitor their producers' AGIs and may not permit repayments with a market loan gain on peanut MALs or process peanut LDPs for those producers with annual AGI over the allowable limit as specified in part 1400 of this chapter.

(b) DMAs are required to monitor their producers' payment limit and not process market loan gains on peanut MALs or peanut LDPs that would produce a gain over the payment limit as specified in part 1400 of this chapter.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 7. Agriculture § 7.1421.409 Monitoring AGI and payment limitations - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-7-agriculture/cfr-sect-7-1421-409/

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