CFR > Title 7 - Agriculture > SUBTITLE B—Regulations of the Department of Agriculture > CHAPTER XIV—COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE (parts 1400 to 1499) > SUBCHAPTER B—LOANS, PURCHASES, AND OTHER OPERATIONS (parts 1410 to 1499) > PART 1430—DAIRY PRODUCTS > SUBPART B—Milk Income Loss Contract Program (§1430.200 to §1430.226) > 1430.211—Duration of contracts.

1430.211—Duration of contracts.

(a) Except as provided in § 1430.205, or elsewhere in this subpart, a MILC entered into by producers in a dairy operation shall cover eligible production marketed by the producers in the dairy operation during the period beginning with the first day of the month the producers in the dairy operation enter into an MILC and ending on September 30, 2012.
(b) If a dairy goes out of business during the contract period, the MILC will be terminated immediately, except as applicable to earned payments.

Code of Federal Regulations

[67 FR 64476, Oct. 18, 2002, as amended at 71 FR 19623, Apr. 17, 2006; 73 73768, Dec. 4, 2008]