§7232. Loan rates for marketing assistance loans — Inbound Citations
7 U.S.C. § 7232
Cited by 7 provisions in release 119-102.
Citations to 7 U.S.C. § 7232 as a whole
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(a) For each of the 1996 through 2002 crops of each loan commodity, the Secretary shall make available to producers on a farm nonrecourse marketing assistance loans for loan commodities produced on the farm. The loans shall be made under terms and conditions that are prescribed by the Secretary and at the loan rate established under section 7232 of this title for the loan commodity.
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(1) the loan rate established for the commodity under section 7232 of this title, plus interest (as determined by the Secretary); or
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(1) the loan rate established for the commodity under section 7232 of this title, plus interest (as determined by the Secretary); or
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(c) Repayment of a marketing assistance loan for extra long staple cotton shall be at the loan rate established for the commodity under section 7232 of this title, plus interest (as determined by the Secretary).
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(A) the adjusted prevailing world market price is less than 115 percent of the loan rate for upland cotton established under section 7232 of this title, as determined by the Secretary; and
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(1) the loan rate established under section 7232 of this title for the loan commodity; exceeds
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(B) the prevailing world market price for upland cotton (adjusted to United States quality and location) does not exceed 134 percent of the loan rate for upland cotton established under section 7232 of this title.