Current through November 30, 2024
Section 701.128 - Advance payment(a) With respect to a payment to an agricultural producer for any eligible ECP practice, the agricultural producer has the option of receiving up to 25 percent of the projected payment, determined based on the applicable percentage of the fair market value of the cost of the practice, as determined by FSA, before the agricultural producer carries out the restoration.(b) If the funds provided under paragraph (a) of this section are not spent by the agricultural producer within 60 calendar days of the date on which the agricultural producer receives those funds, the funds must be returned to FSA by a date determined by FSA.(c) Payments made under this section are subject to the availability of funds. 84 FR 32841 , July 10, 2019, as amended at 88 FR 1883 , Jan. 11, 2023 84 FR 32841 , 7/10/2019; as amended at 88 FR 1883 , 1/11/2023