US Codex
U.S.C.
Notes

§9031. Availability of nonrecourse marketing assistance loans for loan commodities — Inbound Citations

7 U.S.C. § 9031

Cited by 16 provisions in release 119-102.

Citations to 7 U.S.C. § 9031 as a whole

  • 7 U.S.C. § 1308–3a(b)(2)(B)
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    (B) A marketing loan gain or loan deficiency payment under subtitle B of title I of the Agricultural Act of 2014 [7 U.S.C. 9031 et seq.].
  • 7 U.S.C. § 7286(a)
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    (a) In making in-kind payments under subchapter III of this chapter, title I of the Farm Security and Rural Investment Act of 2002 [7 U.S.C. 7901 et seq.], title I of the Food, Conservation, and Energy Act of 2008 [7 U.S.C. 8701 et seq.], and Subtitle1 B of title I of the Agricultural Act of 2014 [7 U.S.C. 9031 et seq.], the Commodity Credit Corporation may—
    (1) acquire and use commodities that have been pledged to the Commodity Credit Corporation as collateral for loans made by the Corporation;
    (2) use other commodities owned by the Commodity Credit Corporation; and
    (3) redeem negotiable marketing certificates for cash under terms and conditions established by the Secretary.
  • 7 U.S.C. § 7286(c)(1)
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    (1) At the option of a producer, the Commodity Credit Corporation shall make negotiable certificates authorized under subsection (b)(3) available to the producer, in the form of program payments or by sale, in a manner that the Corporation determines will encourage the orderly marketing of commodities pledged as collateral for loans made to producers under subchapter III of this chapter, title I of the Farm Security and Rural Investment Act of 2002 [7 U.S.C. 7901 et seq.], title I of the Food, Conservation, and Energy Act of 2008 [7 U.S.C. 8701 et seq.], and Subtitle1 B of title I of the Agricultural Act of 2014 [7 U.S.C. 9031 et seq.].
  • 7 U.S.C. § 9032(a)
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    (a) For purposes of each of the 2014 through 2018 crop years, the loan rate for a marketing assistance loan under section 9031 of this title for a loan commodity 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, for each of the 2014 through 2018 crop years, the simple average of the adjusted prevailing world price for the 2 immediately preceding marketing years, as determined by the Secretary and announced October 1 preceding the next domestic plantings, but in no case less than $0.45 per pound or more than $0.52 per pound.
    (7) In the case of extra long staple cotton, $0.7977 per pound.
    (8) In the case of long grain rice, $6.50 per hundredweight.
    (9) In the case of medium grain rice, $6.50 per hundredweight.
    (10) In the case of soybeans, $5.00 per bushel.
    (11) In the case of other oilseeds, $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 designated by the Secretary.
    (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.
    (20) In the case of peanuts, $355 per ton.
  • 7 U.S.C. § 9032(b)
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    (b) For purposes of each of the 2019 through 2025 crop years, the loan rate for a marketing assistance loan under section 9031 of this title for a loan commodity shall be equal to the following:
    (1) In the case of wheat, $3.38 per bushel.
    (2) In the case of corn, $2.20 per bushel.
    (3) In the case of grain sorghum, $2.20 per bushel.
    (4) In the case of barley, $2.50 per bushel.
    (5) In the case of oats, $2.00 per bushel.
    (A) Subject to subparagraphs (B) and (C), in the case of base quality of upland cotton, the simple average of the adjusted prevailing world price for the 2 immediately preceding marketing years, as determined by the Secretary and announced October 1 preceding the next domestic planting.
    (B) Except as provided in subparagraph (C), the loan rate determined under subparagraph (A) may not equal less than an amount equal to 98 percent of the loan rate for base quality of upland cotton for the preceding year.
    (C) The loan rate determined under subparagraph (A) may not be equal to an amount—
    (i) less than $0.45 per pound; or
    (ii) more than $0.52 per pound.
    (7) In the case of extra long staple cotton, $0.95 per pound.
    (8) In the case of long grain rice, $7.00 per hundredweight.
    (9) In the case of medium grain rice, $7.00 per hundredweight.
    (10) In the case of soybeans, $6.20 per bushel.
    (11) In the case of other oilseeds, $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 designated by the Secretary.
    (12) In the case of dry peas, $6.15 per hundredweight.
    (13) In the case of lentils, $13.00 per hundredweight.
    (14) In the case of small chickpeas, $10.00 per hundredweight.
    (15) In the case of large chickpeas, $14.00 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.
    (20) In the case of peanuts, $355 per ton.
  • 7 U.S.C. § 9032(c)
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    (c) For purposes of each of the 2026 through 2031 crop years, the loan rate for a marketing assistance loan under section 9031 of this title for a loan commodity shall be equal to the following:
    (1) In the case of wheat, $3.72 per bushel.
    (2) In the case of corn, $2.42 per bushel.
    (3) In the case of grain sorghum, $2.42 per bushel.
    (4) In the case of barley, $2.75 per bushel.
    (5) In the case of oats, $2.20 per bushel.
    (6) In the case of upland cotton, $0.55 per pound.
    (7) In the case of extra long staple cotton, $1.00 per pound.
    (8) In the case of long grain rice, $7.70 per hundredweight.
    (9) In the case of medium grain rice, $7.70 per hundredweight.
    (10) In the case of soybeans, $6.82 per bushel.
    (11) In the case of other oilseeds, $11.10 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 designated by the Secretary.
    (12) In the case of dry peas, $6.87 per hundredweight.
    (13) In the case of lentils, $14.30 per hundredweight.
    (14) In the case of small chickpeas, $11.00 per hundredweight.
    (15) In the case of large chickpeas, $15.40 per hundredweight.
    (16) In the case of graded wool, $1.60 per pound.
    (17) In the case of nongraded wool, $0.55 per pound.
    (18) In the case of mohair, $5.00 per pound.
    (19) In the case of honey, $1.50 per pound.
    (20) In the case of peanuts, $390 per ton.
  • 7 U.S.C. § 9033(a)
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    (a) In the case of each loan commodity, a marketing assistance loan under section 9031 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. § 9034(a)
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    (a) The Secretary shall permit the producers on a farm to repay a marketing assistance loan under section 9031 of this title for a loan commodity (other than upland cotton, long grain rice, medium grain rice, extra long staple cotton, peanuts and confectionery and each other kind of sunflower seed (other than oil sunflower seed)) at a rate that is the lesser of—
    (1) the loan rate established for the commodity under section 9032 of this title, plus interest (determined in accordance with section 7283 of this title);
    (2) a rate (as determined by the Secretary) that—
    (A) is calculated based on average market prices for the loan commodity during the preceding 30-day period; and
    (B) will minimize discrepancies in marketing loan benefits across State boundaries and across county boundaries; or
    (3) a rate that the Secretary may develop using alternative methods for calculating a repayment rate for a loan commodity 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;
    (D) allow the commodity produced in the United States to be marketed freely and competitively, both domestically and internationally; and
    (E) minimize discrepancies in marketing loan benefits across State boundaries and across county boundaries.
  • 7 U.S.C. § 9034(b)(1)
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    (1) The Secretary shall permit producers to repay a marketing assistance loan under section 9031 of this title for upland cotton, long grain rice, and medium grain rice at a rate that is the lesser of—
    (A) the loan rate established for the commodity under section 9032 of this title, plus interest (determined in accordance with section 7283 of this title); or
    (i) in the case of long grain rice and medium grain rice, the prevailing world market price for the commodity, as determined and adjusted by the Secretary in accordance with this section; or
    (ii) in the case of upland cotton, the prevailing world market price for the commodity, as determined and adjusted by the Secretary in accordance with this section.
  • 7 U.S.C. § 9034(f)
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    (f) The Secretary shall permit the producers on a farm to repay a marketing assistance loan under section 9031 of this title for confectionery and each other kind of sunflower seed (other than oil sunflower seed) at a rate that is the lesser of—
    (1) the loan rate established for the commodity under section 9032 of this title, plus interest (determined in accordance with section 7283 of this title); or
    (2) the repayment rate established for oil sunflower seed.
  • 7 U.S.C. § 9034(h)
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    (h) The Secretary shall permit producers on a farm to repay a marketing assistance loan for peanuts under section 9031 of this title at a rate that is the lesser of—
    (1) the loan rate established for peanuts under subsection (a)(20) or (b)(20), as applicable, of section 9032 of this title, plus interest (determined in accordance with section 7283 of this title); or
    (2) a rate that the Secretary determines will—
    (A) minimize potential loan forfeitures;
    (B) minimize the accumulation of stocks of peanuts by the Federal Government;
    (C) minimize the cost incurred by the Federal Government in storing peanuts; and
    (D) allow peanuts produced in the United States to be marketed freely and competitively, both domestically and internationally.
  • 7 U.S.C. § 9034(i)(1)
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    (1) In the event of a severe disruption to marketing, transportation, or related infrastructure, the Secretary may modify the repayment rate otherwise applicable under this section for marketing assistance loans under section 9031 of this title for a loan commodity.
  • 7 U.S.C. § 9035(a)(1)
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    (1) Except as provided in subsection (d), the Secretary may make loan deficiency payments available to producers on a farm that, although eligible to obtain a marketing assistance loan under section 9031 of this title with respect to a loan commodity, agree to forgo obtaining the loan for the commodity in return for loan deficiency payments under this section.
  • 7 U.S.C. § 9035(a)(2)(A)
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    (A) Subject to subparagraph (B), nongraded wool in the form of unshorn pelts and hay and silage derived from a loan commodity are not eligible for a marketing assistance loan under section 9031 of this title.
  • 7 U.S.C. § 9035(b)(2)
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    (2) the quantity of the commodity produced by the eligible producers, excluding any quantity for which the producers obtain a marketing assistance loan under section 9031 of this title.
  • 7 U.S.C. § 9039(a)(1)
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    (1) 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 9031 of this title.