1224. What are the criteria for Test I: Financial Contribution, Periodic Inspection, and Consultation?
You meet the conditions for Test I if you have an arrangement for participation and do any three of the following:
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Advance, pay, or stand good for a significant part of the cost of production;
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Furnish a significant part of the tools, equipment, and livestock used in producing the commodities;
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Make periodic inspections of the production activities; or
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Advise and consult with the tenant periodically.
Last Revised: March, 2001