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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 09:52:37 -04:00

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LegalText 7 U.S.C. § 1970 Eligibility for assistance based on production loss us united_states_code code_section 7 AGRICULTURE 50 AGRICULTURAL CREDIT 1970 7 U.S.C. § 1970 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc07@119-100.zip /us/usc/t7/s1970 data/legal/raw/us/code/title-07/usc07.xml 52e86764b84016164c9ce68e184c32148c0e8c5df55ca2d60602e780098c858b 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 ba00addc66cb3f652d5cbe877b225a734b8ddfa0cc603f2c0507116cc9c65901 2026-07-04 official
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7 U.S.C. § 1970 - Eligibility for assistance based on production loss

Text

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. 87128, title III, § 329, as added Pub. L. 9468, § 7, Aug. 5, 1975, 89 Stat. 382; amended Pub. L. 9735, title I, § 163, Aug. 13, 1981, 95 Stat. 378.)

Notes

Editorial Notes

Amendments1981—Pub. L. 9735 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.