7 U.S.C. § 7931 — Availability of nonrecourse marketing assistance loans for loan commodities

(a) Nonrecourse loans available.

(1) Availability. For each 2002 through 2007 crop of each "loan commodity^*," the Secretary^* must make nonrecourse "marketing assistance loans" available to producers on a farm for loan commodities produced on the farm.

(2) Terms and conditions. The loans must use terms and conditions prescribed by the Secretary and the loan rate established under section 7932 of this title for the loan commodity.

(b) Eligible production. Producers on a farm may receive a marketing assistance loan under subsection (a) for any quantity of a loan commodity produced on the farm.

(c) Treatment of certain commingled commodities. The Secretary must make loans to otherwise eligible producers whose loan commodity was mixed with other producers' loan commodities in a facility that the Secretary or a State^* licensing authority has not licensed to store agricultural commodities, if the producers receiving the loan agree to immediately redeem the loan collateral under section 166 of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7286).

(d) Compliance with conservation and wetlands requirements. As a condition of receiving a marketing assistance loan under subsection (a), the producer^* must comply during the loan term with applicable conservation requirements under subtitle B of title XII of the Food Security Act of 1985 and applicable wetland protection requirements under subtitle C of title XII of that Act.

(e) Termination of superseded loan authority. Despite section 131 of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7231), nonrecourse marketing assistance loans must not be made for the 2002 crop of loan commodities under subtitle C of title I of that Act (7 U.S.C. 7231 et seq.).