7 U.S.C. § 8732 — Loan rates for nonrecourse marketing assistance loans
submitted 18 years ago by Pub. L. 110-234 to r/title-7-AGRICULTURE · 822 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
For purposes of the 2008 crop year, the loan rate for a marketing assistance loan under section 8731 of this title for a loan commodity* shall be equal to the following:
In the case of wheat, $2.75 per bushel.
In the case of corn, $1.95 per bushel.
In the case of grain sorghum, $1.95 per bushel.
In the case of barley, $1.85 per bushel.
In the case of oats, $1.33 per bushel.
In the case of base quality of upland cotton, $0.52 per pound.
In the case of extra long staple cotton*, $0.7977 per pound.
In the case of long grain rice, $6.50 per hundredweight.
In the case of medium grain rice*, $6.50 per hundredweight.
In the case of soybeans, $5.00 per bushel.
In the case of other oilseeds, $9.30 per hundredweight for each of the following kinds of oilseeds:
Sunflower seed.
Rapeseed.
Canola.
Safflower.
Flaxseed.
Mustard seed.
Crambe.
Sesame seed.
Other oilseeds designated by the Secretary.
In the case of dry peas, $6.22 per hundredweight.
In the case of lentils, $11.72 per hundredweight.
In the case of small chickpeas, $7.43 per hundredweight.
In the case of graded wool, $1.00 per pound.
In the case of nongraded wool, $0.40 per pound.
In the case of mohair, $4.20 per pound.
In the case of honey, $0.60 per pound.
Except as provided in section 8715 1 of this title, for purposes of the 2009 crop year, the loan rate for a marketing assistance loan under section 8731 of this title for a loan commodity shall be equal to the following:
In the case of wheat, $2.75 per bushel.
In the case of corn, $1.95 per bushel.
In the case of grain sorghum, $1.95 per bushel.
In the case of barley, $1.85 per bushel.
In the case of oats, $1.33 per bushel.
In the case of base quality of upland cotton, $0.52 per pound.
In the case of extra long staple cotton, $0.7977 per pound.
In the case of long grain rice, $6.50 per hundredweight.
In the case of medium grain rice, $6.50 per hundredweight.
In the case of soybeans, $5.00 per bushel.
In the case of other oilseeds, $9.30 per hundredweight for each of the following kinds of oilseeds:
Sunflower seed.
Rapeseed.
Canola.
Safflower.
Flaxseed.
Mustard seed.
Crambe.
Sesame seed.
Other oilseeds designated by the Secretary.
In the case of dry peas, $5.40 per hundredweight.
In the case of lentils, $11.28 per hundredweight.
In the case of small chickpeas, $7.43 per hundredweight.
In the case of large chickpeas, $11.28 per hundredweight.
In the case of graded wool, $1.00 per pound.
In the case of nongraded wool, $0.40 per pound.
In the case of mohair, $4.20 per pound.
In the case of honey, $0.60 per pound.
Except as provided in section 8715 1 of this title, for purposes of each of the 2010 through 2012 crop years, the loan rate for a marketing assistance loan under section 8731 of this title for a loan commodity shall be equal to the following:
In the case of wheat, $2.94 per bushel.
In the case of corn, $1.95 per bushel.
In the case of grain sorghum, $1.95 per bushel.
In the case of barley, $1.95 per bushel.
In the case of oats, $1.39 per bushel.
In the case of base quality of upland cotton, $0.52 per pound.
In the case of extra long staple cotton, $0.7977 per pound.
In the case of long grain rice, $6.50 per hundredweight.
In the case of medium grain rice, $6.50 per hundredweight.
In the case of soybeans, $5.00 per bushel.
In the case of other oilseeds, $10.09 per hundredweight for each of the following kinds of oilseeds:
Sunflower seed.
Rapeseed.
Canola.
Safflower.
Flaxseed.
Mustard seed.
Crambe.
Sesame seed.
Other oilseeds designated by the Secretary.
In the case of dry peas, $5.40 per hundredweight.
In the case of lentils, $11.28 per hundredweight.
In the case of small chickpeas, $7.43 per hundredweight.
In the case of large chickpeas, $11.28 per hundredweight.
In the case of graded wool, $1.15 per pound.
In the case of nongraded wool, $0.40 per pound.
In the case of mohair, $4.20 per pound.
In the case of honey, $0.69 per pound.
The Secretary shall establish a single loan rate in each county for each kind of other oilseeds described in subsections (a)(11), (b)(11), and (c)(11).
Source credit: (Pub. L. 110–234, title I, § 1202, May 22, 2008, 122 Stat. 954; Pub. L. 110–246, § 4(a), title I, § 1202, June 18, 2008, 122 Stat. 1664, 1682.)
- 2008Enacted · Pub. L. 110-234 · 122 Stat. 954
- 2008Amended · Pub. L. 110-246 · 122 Stat. 1664, 1682
A history note hasn’t been published yet. The record shows enactment by Pub. L. 110-234 on 2008-05-22.
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