Section 112.5 - Which farms are eligible for a qualified exemption and associated modified requirements based on average monetary value of all food sold and direct farm marketing?(a) A farm is eligible for a qualified exemption and associated modified requirements in a calendar year if:(1) During the previous 3-year period preceding the applicable calendar year, the average annual monetary value of the food (as defined in § 112.3 ) the farm sold directly to qualified end-users (as defined in § 112.3 ) during such period exceeded the average annual monetary value of the food the farm sold to all other buyers during that period; and(2) The average annual monetary value of all food (as defined in § 112.3 ) the farm sold during the 3-year period preceding the applicable calendar year was less than $500,000, adjusted for inflation.(b) For the purpose of determining whether the average annual monetary value of all food sold during the 3-year period preceding the applicable calendar year was less than $500,000, adjusted for inflation, the baseline year for calculating the adjustment for inflation is 2011. 80 FR 74547 , Nov. 27, 2015, as amended at 84 FR 12490 , Apr. 2, 2019 As amended at 84 FR 12490, 4/2/2019