428.9—Farm operators who are former owners of excess land.
(1)
The formerly excess land becomes exempt from the acreage limitations of Federal reclamation law; or
(2)
The full-cost rate is paid for any irrigation water delivered to your formerly excess land that is otherwise eligible to receive irrigation water. If you are a part owner of a legal entity that is the direct or indirect farm operator of the land in question, then the full-cost rate will apply to the proportional share of the land that reflects your interest in that legal entity.