---
kind: "section"
citation: "7 U.S.C. § 8732"
title: "7"
title_heading: "Agriculture"
number: "8732"
heading: "Loan rates for nonrecourse marketing assistance loans"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/7/8732"
units:
  - "Chapter 113 — Agricultural Commodity Support Programs"
  - "Subchapter II — Marketing Assistance Loans and Loan Deficiency Payments"
---

# §8732. Loan rates for nonrecourse marketing assistance loans

- (a) **2008 crop year—** For purposes of the 2008 crop year, the loan rate for a marketing assistance loan under [section 8731 of this title](/usc/7/8731.md) for a [loan commodity](/usc/7/8702.md?p=8) shall be equal to the following:
  - (1) In the case of wheat, $2.75 per bushel.
  - (2) In the case of corn, $1.95 per bushel.
  - (3) In the case of grain sorghum, $1.95 per bushel.
  - (4) In the case of barley, $1.85 per bushel.
  - (5) In the case of oats, $1.33 per bushel.
  - (6) In the case of base quality of upland cotton, $0.52 per pound.
  - (7) In the case of [extra long staple cotton](/usc/7/8702.md?p=7), $0.7977 per pound.
  - (8) In the case of long grain rice, $6.50 per hundredweight.
  - (9) In the case of [medium grain rice](/usc/7/8702.md?p=9), $6.50 per hundredweight.
  - (10) In the case of soybeans, $5.00 per bushel.
  - (11) In the case of [other oilseeds](/usc/7/8702.md?p=10), $9.30 per hundredweight for each of the following kinds of oilseeds:
    - (A) Sunflower seed.
    - (B) Rapeseed.
    - (C) Canola.
    - (D) Safflower.
    - (E) Flaxseed.
    - (F) Mustard seed.
    - (G) Crambe.
    - (H) Sesame seed.
    - (I) [Other oilseeds](/usc/7/8702.md?p=10) designated by the [Secretary](/usc/7/499a.md?p=b-2).
  - (12) In the case of dry peas, $6.22 per hundredweight.
  - (13) In the case of lentils, $11.72 per hundredweight.
  - (14) In the case of small chickpeas, $7.43 per hundredweight.
  - (15) In the case of graded wool, $1.00 per pound.
  - (16) In the case of nongraded wool, $0.40 per pound.
  - (17) In the case of mohair, $4.20 per pound.
  - (18) In the case of honey, $0.60 per pound.
- (b) **2009 crop year—** Except as provided in [section 8715](/usc/7/8715.md)[^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](/usc/7/8731.md) for a [loan commodity](/usc/7/8702.md?p=8) shall be equal to the following:
  - (1) In the case of wheat, $2.75 per bushel.
  - (2) In the case of corn, $1.95 per bushel.
  - (3) In the case of grain sorghum, $1.95 per bushel.
  - (4) In the case of barley, $1.85 per bushel.
  - (5) In the case of oats, $1.33 per bushel.
  - (6) In the case of base quality of upland cotton, $0.52 per pound.
  - (7) In the case of [extra long staple cotton](/usc/7/8702.md?p=7), $0.7977 per pound.
  - (8) In the case of long grain rice, $6.50 per hundredweight.
  - (9) In the case of [medium grain rice](/usc/7/8702.md?p=9), $6.50 per hundredweight.
  - (10) In the case of soybeans, $5.00 per bushel.
  - (11) In the case of [other oilseeds](/usc/7/8702.md?p=10), $9.30 per hundredweight for each of the following kinds of oilseeds:
    - (A) Sunflower seed.
    - (B) Rapeseed.
    - (C) Canola.
    - (D) Safflower.
    - (E) Flaxseed.
    - (F) Mustard seed.
    - (G) Crambe.
    - (H) Sesame seed.
    - (I) [Other oilseeds](/usc/7/8702.md?p=10) designated by the [Secretary](/usc/7/499a.md?p=b-2).
  - (12) In the case of dry peas, $5.40 per hundredweight.
  - (13) In the case of lentils, $11.28 per hundredweight.
  - (14) In the case of small chickpeas, $7.43 per hundredweight.
  - (15) In the case of large chickpeas, $11.28 per hundredweight.
  - (16) In the case of graded wool, $1.00 per pound.
  - (17) In the case of nongraded wool, $0.40 per pound.
  - (18) In the case of mohair, $4.20 per pound.
  - (19) In the case of honey, $0.60 per pound.
- (c) **2010 through 2012 crop years—** Except as provided in [section 8715](/usc/7/8715.md)[^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](/usc/7/8731.md) for a [loan commodity](/usc/7/8702.md?p=8) shall be equal to the following:
  - (1) In the case of wheat, $2.94 per bushel.
  - (2) In the case of corn, $1.95 per bushel.
  - (3) In the case of grain sorghum, $1.95 per bushel.
  - (4) In the case of barley, $1.95 per bushel.
  - (5) In the case of oats, $1.39 per bushel.
  - (6) In the case of base quality of upland cotton, $0.52 per pound.
  - (7) In the case of [extra long staple cotton](/usc/7/8702.md?p=7), $0.7977 per pound.
  - (8) In the case of long grain rice, $6.50 per hundredweight.
  - (9) In the case of [medium grain rice](/usc/7/8702.md?p=9), $6.50 per hundredweight.
  - (10) In the case of soybeans, $5.00 per bushel.
  - (11) In the case of [other oilseeds](/usc/7/8702.md?p=10), $10.09 per hundredweight for each of the following kinds of oilseeds:
    - (A) Sunflower seed.
    - (B) Rapeseed.
    - (C) Canola.
    - (D) Safflower.
    - (E) Flaxseed.
    - (F) Mustard seed.
    - (G) Crambe.
    - (H) Sesame seed.
    - (I) [Other oilseeds](/usc/7/8702.md?p=10) designated by the [Secretary](/usc/7/499a.md?p=b-2).
  - (12) In the case of dry peas, $5.40 per hundredweight.
  - (13) In the case of lentils, $11.28 per hundredweight.
  - (14) In the case of small chickpeas, $7.43 per hundredweight.
  - (15) In the case of large chickpeas, $11.28 per hundredweight.
  - (16) In the case of graded wool, $1.15 per pound.
  - (17) In the case of nongraded wool, $0.40 per pound.
  - (18) In the case of mohair, $4.20 per pound.
  - (19) In the case of honey, $0.69 per pound.
- (d) **Single county loan rate for other oilseeds—** The [Secretary](/usc/7/499a.md?p=b-2) shall establish a single loan rate in each county for each kind of [other oilseeds](/usc/7/8702.md?p=10) described in subsections [(a)(11)](#a-11), [(b)(11)](#b-11), and [(c)(11)](#c-11).

## Footnotes

[^1]: See References in Text note below.

## 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.)

## Notes

### Editorial Notes

### References in Text

Section 8715 of this title, referred to in subsecs. (b) and (c), was repealed by Pub. L. 113–79, title I, § 1103(a), Feb. 7, 2014, 128 Stat. 658.

### Codification

Pub. L. 110–234 and Pub. L. 110–246 enacted identical sections. Pub. L. 110–234 was repealed by section 4(a) of Pub. L. 110–246.

### Statutory Notes and Related Subsidiaries

### Effective Date

Enactment of this section and repeal of Pub. L. 110–234 by Pub. L. 110–246 effective May 22, 2008, the date of enactment of Pub. L. 110–234, see section 4 of Pub. L. 110–246, set out as a note under section 8701 of this title.