The Northern Potato Crop Insurance Processing Quality Endorsement Provisions for the 2022 and succeeding crop years are as follows:
Broker. Any business enterprise regularly engaged in the buying and selling of processing potatoes, that possesses all licenses and permits as required by the state in which it operates, and when required, has the necessary facilities or the contractual access to such facilities, with enough equipment to accept and transfer processing potatoes to the broker within a reasonable amount of time after harvest or the typical storage period.
Percentage factor. The term as defined in the Northern Potato Crop Insurance-Quality Endorsement.
Processor. Any business enterprise regularly engaged in processing potatoes for human consumption, that possesses all licenses and permits for processing potatoes required by the state in which it operates, and that possesses facilities, or has contractual access to such facilities, with enough equipment to accept and process processing potatoes grown under a processing contract within a reasonable amount of time after harvest or the typical storage period.
Processor contract. A written agreement between the producer and processor, or between a producer and a broker, containing at a minimum:
7 C.F.R. §457.144