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