§7231. Availability of nonrecourse marketing assistance loans — Inbound Citations

Citations to 7 U.S.C. § 7231 as a whole

• 7 U.S.C. § 7232(a)(1)

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  (1) Subject to paragraph (2), the loan rate for a marketing assistance loan under section 7231 of this title for wheat shall be—

  (A) not less than 85 percent of the simple average price received by producers of wheat, as determined by the Secretary, during the marketing years for the immediately preceding 5 crops of wheat, excluding the year in which the average price was the highest and the year in which the average price was the lowest in the period; but

  (B) not more than $2.58 per bushel.
• 7 U.S.C. § 7232(b)(1)

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  (1) Subject to paragraph (2), the loan rate for a marketing assistance loan under section 7231 of this title for corn shall be—

  (A) not less than 85 percent of the simple average price received by producers of corn, as determined by the Secretary, during the marketing years for the immediately preceding 5 crops of corn, excluding the year in which the average price was the highest and the year in which the average price was the lowest in the period; but

  (B) not more than $1.89 per bushel.
• 7 U.S.C. § 7232(b)(3)

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  (3) The loan rate for a marketing assistance loan under section 7231 of this title for grain sorghum, barley, and oats, respectively, shall be established at such level as the Secretary determines is fair and reasonable in relation to the rate that loans are made available for corn, taking into consideration the feeding value of the commodity in relation to corn.
• 7 U.S.C. § 7232(c)(1)

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  (1) Subject to paragraph (2), the loan rate for a marketing assistance loan under section 7231 of this title for upland cotton shall be established by the Secretary at such loan rate, per pound, as will reflect for the base quality of upland cotton, as determined by the Secretary, at average locations in the United States a rate that is not less than the smaller of—

  (A) 85 percent of the average price (weighted by market and month) of the base quality of cotton as quoted in the designated United States spot markets during 3 years of the 5-year period ending July 31 of the year preceding the year in which the crop is planted, excluding the year in which the average price was the highest and the year in which the average price was the lowest in the period; or

  (B) 90 percent of the average, for the 15-week period beginning July 1 of the year preceding the year in which the crop is planted, of the 5 lowest-priced growths of the growths quoted for Middling 1³⁄₃₂-inch cotton C.I.F. Northern Europe (adjusted downward by the average difference during the period April 15 through October 15 of the year preceding the year in which the crop is planted between the average Northern European price quotation of such quality of cotton and the market quotations in the designated United States spot markets for the base quality of upland cotton), as determined by the Secretary.
• 7 U.S.C. § 7232(d)

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  (d) The loan rate for a marketing assistance loan under section 7231 of this title for extra long staple cotton shall be—

  (1) not less than 85 percent of the simple average price received by producers of extra long staple cotton, as determined by the Secretary, during 3 years of the 5-year period ending July 31 of the year preceding the year in which the crop is planted, excluding the year in which the average price was the highest and the year in which the average price was the lowest in the period; but

  (2) not more than $0.7965 per pound.
• 7 U.S.C. § 7232(e)

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  (e) The loan rate for a marketing assistance loan under section 7231 of this title for rice shall be $6.50 per hundredweight.
• 7 U.S.C. § 7232(f)(1)

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  (1) The loan rate for a marketing assistance loan under section 7231 of this title for soybeans shall be—

  (A) not less than 85 percent of the simple average price received by producers of soybeans, as determined by the Secretary, during the marketing years for the immediately preceding 5 crops of soybeans, excluding the year in which the average price was the highest and the year in which the average price was the lowest in the period; but

  (B) not less than $4.92 or more than $5.26 per bushel.
• 7 U.S.C. § 7232(f)(2)

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  (2) The loan rate for a marketing assistance loan under section 7231 of this title for sunflower seed, canola, rapeseed, safflower, mustard seed, and flaxseed, individually, shall be—

  (A) not less than 85 percent of the simple average price received by producers of sunflower seed, individually, as determined by the Secretary, during the marketing years for the immediately preceding 5 crops of sunflower seed, individually, excluding the year in which the average price was the highest and the year in which the average price was the lowest in the period; but

  (B) not less than $0.087 or more than $0.093 per pound.
• 7 U.S.C. § 7232(f)(3)

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  (3) The loan rates for a marketing assistance loan under section 7231 of this title for other oilseeds shall be established at such level as the Secretary determines is fair and reasonable in relation to the loan rate available for soybeans, except in no event shall the rate for the oilseeds (other than cottonseed) be less than the rate established for soybeans on a per-pound basis for the same crop.
• 7 U.S.C. § 7233(a)

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  (a) In the case of each loan commodity (other than upland cotton or extra long staple cotton), a marketing assistance loan under section 7231 of this title shall have a term of 9 months beginning on the first day of the first month after the month in which the loan is made.
• 7 U.S.C. § 7234(a)

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  (a) The Secretary shall permit a producer to repay a marketing assistance loan under section 7231 of this title for wheat, corn, grain sorghum, barley, oats, and oilseeds at a rate that is the lesser of—

  (1) the loan rate established for the commodity under section 7232 of this title, plus interest (as determined by the Secretary); or

  (2) a rate that the Secretary determines will—

  (A) minimize potential loan forfeitures;

  (B) minimize the accumulation of stocks of the commodity by the Federal Government;

  (C) minimize the cost incurred by the Federal Government in storing the commodity; and

  (D) allow the commodity produced in the United States to be marketed freely and competitively, both domestically and internationally.
• 7 U.S.C. § 7234(b)

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  (b) The Secretary shall permit producers to repay a marketing assistance loan under section 7231 of this title for upland cotton and rice at a rate that is the lesser of—

  (1) the loan rate established for the commodity under section 7232 of this title, plus interest (as determined by the Secretary); or

  (2) the prevailing world market price for the commodity (adjusted to United States quality and location), as determined by the Secretary.
• 7 U.S.C. § 7235(a)(1)

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  (1) producers who, although eligible to obtain a marketing assistance loan under section 7231 of this title with respect to a loan commodity, agree to forgo obtaining the loan for the commodity in return for payments under this section; and
• 7 U.S.C. § 7235(a)(2)

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  (2) effective only for the 2000 and 2001 crop years, producers that, although not eligible to obtain such a marketing assistance loan under section 7231 of this title, produce a contract commodity.
• 7 U.S.C. § 7235(b)(2)

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  (2) the quantity of the loan commodity produced by the eligible producers, excluding any quantity for which the producers obtain a loan under section 7231 of this title.
• 7 U.S.C. § 7237(a)(3)

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  (3) In this subsection, the term “high moisture state” means corn or grain sorghum having a moisture content in excess of Commodity Credit Corporation standards for marketing assistance loans made by the Secretary under section 7231 of this title.
• 7 U.S.C. § 7931(e)

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  (e) Notwithstanding section 131 of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7231), nonrecourse marketing assistance loans shall not be made for the 2002 crop of loan commodities under subtitle C of title I of such Act [7 U.S.C. 7231 et seq.].
• 7 U.S.C. § 7934(h)

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  (h) For the 2001 crop year only, in the case of the producers on a farm that marketed or otherwise lost beneficial interest in a loan commodity for which a marketing assistance loan was made under section 7231 of this title before repaying the loan, the Secretary shall permit the producers to repay the loan at the appropriate repayment rate that was in effect for the loan commodity under section 7234 of this title on the date that the producers lost beneficial interest, as determined by the Secretary, if the Secretary determines the producers acted in good faith.
• 7 U.S.C. § 8001

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  Notwithstanding any other provision of law, the Secretary and the Commodity Credit Corporation shall not require producers in Erie County, Pennsylvania, to repay loan deficiency payments and marketing loan gains erroneously paid or determined to have been earned by the Commodity Credit Corporation for certain 1998 and 1999 crops under subtitle C of title I of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7231 et seq.). In the case of a producer who has already made the repayment on or before May 13, 2002, the Commodity Credit Corporation shall reimburse the producer for the full amount of the repayment.
• 31 U.S.C. § 3720B(a)

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  (a) Unless this subsection is waived by the head of a Federal agency, a person may not obtain any Federal financial assistance in the form of a loan (other than a disaster loan or a marketing assistance loan or loan deficiency payment under subtitle C of the Agricultural Market Transition Act (7 U.S.C. 7231 et seq.)) or loan insurance or guarantee administered by the agency if the person has an outstanding debt (other than a debt under the Internal Revenue Code of 1986) with any Federal agency which is in a delinquent status, as determined under standards prescribed by the Secretary of the Treasury. Such a person may obtain additional loans or loan guarantees only after such delinquency is resolved in accordance with those standards. The Secretary of the Treasury may exempt, at the request of an agency, any class of claims.