{"data":{"id":"us/7-cfr-1425.3","jurisdiction":"us","citation":"7 CFR 1425.3","heading":"Definitions.","body":"The definitions in this section are applicable for all purposes of program administration. The terms defined in parts 718 of this title and parts 1421 and 1427 of this chapter are also applicable, except where those definitions conflict with the definitions in this section.\nActive member is a member who has utilized the services offered by a CMA in one of the three preceding CMA fiscal years or such shorter period as may be provided in the CMA's articles of incorporation or bylaws.\nApproved cooperative marketing association (CMA) is a cooperative approved by CCC to participate in MAL and LDP programs for any authorized commodity.\nAuthorized commodity is a commodity for which a CMA is approved by CCC to obtain MALs or LDPs.\nCooperative is a business owned and controlled by the producers who use its services and operated under generally accepted cooperative principles.\nEligible commodity is a commodity which meets the commodity's eligibility requirements set forth in chapter XIV of this title, and is produced and delivered to the CMA from a producer eligible for MALs or LDPs.\nLoan deficiency payment (LDP) means a payment made in lieu of a MAL when the CCC-determined value, which is based on the current local price in a county, is below the applicable county loan rate. The payment is the difference between the two rates times the eligible quantity.\nLoan pool is any CMA pool containing commodities used by the CMA to obtain either MALs or LDPs.\nMarket loan gain is the loan rate, minus the repayment rate on loans repaid at a rate that is less than the loan rate. The total of all market loan gains received by a producer for an applicable crop year cannot exceed the producer's applicable payment limitation as specified in part 1400 of this chapter. A producer's adjusted gross income must also be below the limit as specified in part 1400 of this chapter to receive a market loan gain.\nMember is a producer who:\n(a) Has fully paid for membership stock or earned equity credits in the CMA;\n(b) Has executed a uniform marketing agreement with the CMA; and\n(c) Is entitled to all CMA membership rights.","path":["Title 7—Agriculture","Subtitle B—Regulations of the Department of Agriculture","CHAPTER XIV—COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE","SUBCHAPTER B—LOANS, PURCHASES, AND OTHER OPERATIONS","PART 1425—COOPERATIVE MARKETING ASSOCIATIONS"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-7.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:01Z","sha256":"b2941cd00a750aa3422215be48e1b6efa630014064941ba57e5fac77cc80c410","source_id":"us-cfr","stale":true,"prev":"us/7-cfr-1425.2","next":"us/7-cfr-1425.4"},"notice":"GroundRules: Original legal text. Not legal advice."}