If your farm is eligible for a qualified exemption in accordance with §112.5:

(a) You must establish and keep records required under this provision in accordance with the requirements of subpart O of this part, except that the requirement in §112.161(a)(4) for a signature or initial of the person performing the activity is not required for sales receipts kept in the normal course of business. Such receipts must be dated as required under §112.161(a)(4).

(b) You must establish and keep adequate records necessary to demonstrate that your farm satisfies the criteria for a qualified exemption that are described in §112.5, including a written record reflecting that you have performed an annual review and verification of your farm's continued eligibility for the qualified exemption.