← USDA Federal Register rules

Tobacco; Tobacco Loan Program

farm-program · Commodity Credit Corporation · Rule · Published 1995-05-01 · 60 FR 21036

Document

Document number
95-10601
Federal Register citation
60 FR 21036
CFR reference
7 CFR 1464
Type
Rule
Action
Interim rule with request for comments.
Category
farm-program
Sub-agency
Commodity Credit Corporation
Publication date
1995-05-01

Abstract

The Federal Crop Insurance Reform Act of 1994 (the 1994 Act), was enacted on October 13, 1994, and amended the Federal Crop Insurance Act. The 1994 Act requires the Federal Crop Insurance Corporation (FCIC) to implement a catastrophic risk protection plan of insurance which is the basic level of coverage required to be purchased by a producer in order to be eligible for price support and other U.S. Department of Agriculture farm program benefits. The FCIC issued regulations in the form of an interim rule published in the Federal Register on Friday, January 6, 1995. The purpose of the immediate rule is to amend tobacco loan program regulations to reflect this new requirement. This rule amends 7 CFR part 1464. This rule requires that producers purchase crop insurance in order to be eligible for tobacco program benefits. The insurance must be acquired in accordance with FCIC rules in an amount that equals or exceeds the minimum amount set by FCIC.

Source

Authoritative
Federal Register document
Machine
JSON-LD · Markdown