Federal Register - August 23, 1945
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Source: Federal Register
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REGISTER
VOLUME 10
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19 3 4
NUMBER 166
Washington, Thursday, August 23, 1945
Regulations TITLE 7AGRICULTURE
Chapter IVFederal Crop Insurance Corporation Amdt. 1
P art
414 W
er in g
the
C ro p I n s u r a n c e R e g u
I n su r a nc e C ontracts C ov 1945, 1946, a n d 1947 C rop
heat
l a t io n s fo r
Y ears m is c e l l a n e o u s
am endments
The Wheat Crop Insurance Regula tions contained in Part 414 are hereby redesignated as set forth above and are also hereby amended as follows:
1. Paragraph a of 414.1 is amended to read:
414.1 Availability of wheat crop in
surance. a Wheat crop insurance un der contracts covering the 1945,1946 and 1947 crop years will be provided in ac cordance with the regulations in this part. For the 1945 crop year, however, no insurance will be provided on winter wheat. The coverage per acre of wheat crop insurance will be 50 or 75 percent of the average yield of wheat for the farm.
2. Section 414.9 is amended to read:
414.9 Amount of annual premium.
a The annual premiums for each in surance unit under the contract shall be the number of bushels of wheat deter mined by multiplying the insured acre age of wheat for the insurance unit by the premium rate per acre and by the insured interest in the crop at the time of seeding. If more than one premium rate has been established for the insur ance unit, a premium shall be computed separately using the applicable acreage for each rate, and the total of the amounts so computed shall be the pre mium for the insurance unit. The annual premium for the insurance contract shall be the total of the premiums computed for the insured for all insurance units covered by the contract. The annual premium with respect to any insured acreage shall be regarded as earned when the wheat crop on such acreage is seeded.
The minimum annual premium payable by the insured with respect to any insur ance contract shall be three bushels of wheat for 1945 and two bushels of wheat for 1946 and 1947.
b In any area designated by the Cor poration, the insureds annual premium may be reduced in any year not to exceed 50 percent, if it is determined by the Corporation, from a comparison of the insured production with the accumulated balance of premiums paid over indemni ties received on consecutively insured crops for the years during which insur ance was available beginning with the 1939 crop, but excluding the 1945 crop i f no application for insurance was sub m itted, that the risk on wheat crops produced by the insured justify such re duction: Provided, however, That the Corporation may determine that the premium rates for all insurance units in any or all such areas shall be ad justed to compensate for such reduc tions. Failure to apply for insurance in any year, except 1945, shall render any person ineligible for the benefits of this paragraph on the basis of .any accumu lated balance of premiums previously paid if insurance is offered in the county in which such persons farm is located and even though insurance may not be provided in the county during such year because of the limitation in 414.1 b hereof; Provided, however, That failure to submit an application for insurance in any year will not render a person ineligible for the benefits of this para graph, if 1 the failure to submit an application was due to service in the active military or naval service of the United States, or 2 the insured estab lishes to the satisfaction of the Corpora tion, prior to the applicable 1946 note maturity date, that failure to submit an application in any year prior to 1946 was due to the fact that wheat was not seeded in that year. Nothing in this provision shall create in the insured any right to a reduced premium as a result of the total premiums he has paid exceeding the total indemnities he has received.
c The insureds annual premium payment may be reduced 10 percent in 1946 or in any subsequent year immedi ately following five wheat crops beginContinued on p. 10345
CONTENTS
REGULATIONS AND NOTICES
A g r ic u l t u r a l A d j u s t m e n t A g e n c y :
Agricultural conservation pro gram; flaxseed payment goals________ .----------------A g r ic u lt u r e D e p a r t m e n t . See also Agricultural A d j u s t m e n t Agency and Federal Crop In
surance Corporation.
Fats and oils; increased quotas W F0 42a, Am. 5 _________
Livestock and livestock prod ucts, increase in subsidy au thorization _______________
Oil of peppermint WFO 81, term ination--------------
Salaries and wages of agricul tural labor:
Maine, harvesting potatoes Texas, picking American Up land cotton_____________
Page
10346
10346
10366
10346
10349
10348
C i v i l A e r o n a u t ic s A d m in is t r a t o r :
Civil airways designation-------
10347
C i v i l A e r o n a u t ic s B o a r d :
Wilson, Ray, Inc., et al., Rocky Mountain case; postpone ment of oral argument----- 10367
C oast G u a r d :
Miscellaneous amendments----- 10365
Tank vessels; lifesaving appli ances and fire fighting equipment_________________ 10364
F ederal C rop I n s u r a n c e C o rpo ra
t io n :
Wheat crop insurance regula tions for insurance contracts 2 documents _ 10343,10345
F ederal T rade C o m m is s io n :
Boncquet Laboratories, cease and desist order__________ 10347
Sebastian-Stuart Fish Co. et al., hearing___________________ 10367
I nternal R evenue B ur eau :
Income and excess profits taxes:
Credits against excess profits taxes____________________ 10348
Review by special division of tax court_______________ 10348
N avy D epartm ent:
Mustering-out payments to mil itary personnel in U. S.
Navy, Marine Corps, and Coast Guard; miscellane ous amendments__________ 10363
Continued on p. 10344
10343