Exhibit 7
(Par. XXX, XXX)
* -- Instructions for Completing FSA-896, REQUEST FOR AN EXCEPTION TO THE 2017 WHIP+ PAYMENT LIMITATION FOR $125,000.
A Completing the FSA-896
A manual FSA-896 is an optional form for all applicants. The applicant completes this form to request an exception to the $125,000 payment limitation. WHIP+ payments are subject to $250,000 per crop year payment limitation with an overall WHIP+ limit of $500,000 payment limitation but only if both of the following conditions are met:
at least 75% of the individual’s or legal entity’s average adjusted gross income (AGI) for 2017, 2016 and 2015.
a certification from a licensed CPA or an attorney is submitted to the FSA/USDA Service Center identified in item 1, attesting that at least 75% of the individual’s or legal entity’s average AGI for 2017, 2016 and 2015 was derived from farming, ranching, or forestry operations. The CPA and/or Attorney may meet this requirement by completing Part C below or providing a similar statement that is acceptable to FSA.
Notes: This form is:
only used for WHIP+
not required for general partnerships or joint ventures, but must be completed by each member of a general partnership or joint venture.
Follow this table to complete an FSA-896.
Item |
Instructions |
1 |
The Program Year (2019) used for WHIP+ Payment Limitation |
2 |
Enter the name and address of the FSA county office or USDA service center where the completed CCC-896 will be submitted. |
3 |
Enter the person’s or legal entity’s name and address. |
4 |
In the format provided, enter the complete taxpayer identification number of the individual or legal entity identified in item 2. This will be either a social security number or taxpayer identification number. |
5 |
Select the appropriate check box – 4A if the applicant is requesting a $250,000 payment limit and meets the criteria. Or 4B if the applicant does not want the $250,000 payment limit. |
6 |
Read the acknowledgements, responsibilities, and authorizations, before affixing your signature. (Individual or Entity) |
7 |
Enter the title or relationship to the legal entity identified in Item 2. |
8 |
Enter the signature date in month, day and year. |
9 |
Read the acknowledgements, responsibilities, and authorizations, before affixing your signature. (CPA or Attorney Only) |
10 |
Identify as applicable Certified, Public Accountant (CPA) or Attorney. |
11 |
Enter applicable State you are licensed to practice in, followed by your associated individual license number. |
12 |
Enter the signature date in month, day and year. |
Exhibit X
(Par. XXX, XXX)
*-- Instructions for Completing CCC-896, PAYMENT LIMITATION REQUEST
B Example of the Completed CCC-896
File Type | application/vnd.openxmlformats-officedocument.wordprocessingml.document |
Author | Ramsburg, Brittany - FSA, Washington, DC |
File Modified | 0000-00-00 |
File Created | 2021-01-15 |