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Title 7 Part 1220 → Subpart A → §1220.115

Title 7 → Subtitle B → Chapter XI → Part 1220 → Subpart A → §1220.115

Electronic Code of Federal Regulations e-CFR

Title 7 Part 1220 → Subpart A → §1220.115

e-CFR data is current as of January 16, 2020

Title 7Subtitle BChapter XIPart 1220Subpart A → §1220.115


Title 7: Agriculture
PART 1220—SOYBEAN PROMOTION, RESEARCH, AND CONSUMER INFORMATION
Subpart A—Soybean Promotion and Research Order


§1220.115   Net market price.

The term net market price means—

(a) except as provided in paragraph (b) of this section, the sales price, or other value received by a producer for soybeans after adjustments for any premium or discount based on grading or quality factors, as determined by the Secretary; or

(b) For soybeans pledged as collateral for a loan issued under any Commodity Credit Corporation price support loan program, and where the soybeans are forfeited by the producer in lieu of loan repayment, the principal amount of the loan.

[56 FR 31049, July 9, 1991, as amended at 56 FR 42923, Aug. 30, 1991; 57 FR 31095, July 14, 1992]