7-U.S.C.-1970

§1970 – Eligibility For Assistance Based On Production Loss

Pathway

Title 7 > Chapter 50 > Subchapter III > Section 1970

Details

• Reference: Section 1970
• Legend: §1970 – Eligibility For Assistance Based On Production Loss
• USCode Year: 2013

Provision Content

The Secretary shall make financial assistance under this subchapter available to any applicant seeking assistance based on production losses if the applicant shows that a single enterprise which constitutes a basic part of the applicants farming, ranching, or aquaculture operation has sustained at least a 30 per centum loss of normal per acre or per animal production, or such lesser per centum of loss as the Secretary may determine, as a result of the disaster based upon the average monthly price in effect for the previous year and the applicant otherwise meets the conditions of eligibility prescribed under this subchapter. Such loans shall be made available based upon 80 per centum, or such greater per centum as the Secretary may determine, of the total calculated actual production loss sustained by the applicant.

(Pub. L. 87–128, title III, §329, as added Pub. L. 94–68, §7, Aug. 5, 1975, 89 Stat. 382; amended Pub. L. 97–35, title I, §163, Aug. 13, 1981, 95 Stat. 378.)

Amendments

1981—Pub. L. 97–35 increased specific per centum loss from 20 to 30, and authorized a lesser per centum loss pursuant to determinations by the Secretary under applicable criteria.

U.S. Encyclopedia of Law Coverage

7-U.S.C.-1936 in the Legal Encyclopedia: Agriculture

In this entry about 7-U.S.C.-1936, find legal reference material, bibliographies and premiere content related to agriculture in the American Encyclopedia of Law, presenting a comprehensive view of the United States agriculture-specific issues, written by authorities in the field.

7-U.S.C.-1967 in the Legal Encyclopedia: Loans

In this entry about 7-U.S.C.-1967, find legal reference material, bibliographies and premiere content related to loans in the American Encyclopedia of Law, presenting a comprehensive view of the United States loans-specific issues, written by authorities in the field.

7-U.S.C.-1965 in the Legal Encyclopedia: Agricultural Credit

In this entry about 7-U.S.C.-1965, find legal reference material, bibliographies and premiere content related to agricultural credit in the American Encyclopedia of Law, presenting a comprehensive view of the United States agricultural credit-specific issues, written by authorities in the field.

Topic Map

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