Significant Economic Loss

{
  "id": "MLC-T-ENV-025547",
  "term": "Significant Economic Loss",
  "field": "Environment",
  "definition": "Compared to the situation without the pest emergency and despite the best efforts of the affected persons, the emergency conditions at the specific use site identified in the application are reasonably expected to cause losses meeting any of the following criteria:(1) For pest activity that primarily affects the current crop or other output, one or more of the following:(i) Yield loss greater than or equal to 20%.(ii) Economic loss, including revenue losses and cost increases, greater than or equal to 20% of gross revenues.(iii) Economic loss, including revenue losses and cost increases greater than or equal to 50% of net revenues.(2) For any pest activity where EPA determines that the criteria in paragraph (1) of this definition would not adequately describe the expected loss, substantial loss or impairment of capital assets, or a loss that would affect the long-term financial viability expected from the productive activity.",
  "references": [
    "40 CFR 166.3 (CFR 2013)"
  ],
  "url": "https://mlchart.com/terminology/environment/significant-economic-loss/"
}