§ 72108 Penalty For Late Assessment Payment

• •If you're a producer or handler and don't file your return or pay your assessment on time, you'll have to pay extra money.
• •The extra money includes a 10% penalty on the amount you owe.
• •You also have to pay 1.5% interest every month on the amount you haven't paid yet.

A farmer doesn't pay his $1,000 assessment on time.

The farmer will have to pay a $100 penalty (10% of $1,000) plus 1.5% interest every month on the $1,000 until it's paid.