§ 112.5. Which farms are eligible for a qualified exemption and associated modified requirements based on average monetary value of all food sold and direct farm marketing?
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/us/cfr/t21/s§ 112.5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)A farm is eligible for a qualified exemption and associated modified requirements in a calendar year if:
(1)During the previous 3-year period preceding the applicable calendar year, the average annual monetary value of the food (as defined in § 112.3) the farm sold directly to qualified end-users (as defined in § 112.3) during such period exceeded the average annual monetary value of the food the farm sold to all other buyers during that period; and
(2)The average annual monetary value of all food (as defined in § 112.3) the farm sold during the 3-year period preceding the applicable calendar year was less than $500,000, adjusted for inflation.
(b)For the purpose of determining whether the average annual monetary value of all food sold during the 3-year period preceding the applicable calendar year was less than $500,000, adjusted for inflation, the baseline year for calculating the adjustment for inflation is 2011. [80 FR 74547, Nov. 27, 2015, as amended at 84 FR 12490, Apr. 2, 2019]
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§ 112.5
Which farms are eligible for a qualified exemption and associated modified requirements based on average monetary value of all food sold and direct farm marketing?
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