Sec. 1201. Loan rates for nonrecourse marketing assistance loans
381 words·~2 min read·
/bill/118/hr/8467/ih/section-1201A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 1201(b)(1) of the Agricultural Act of 2014 ( 7 U.S.C. 9031(b)(1) ) is amended by striking 2023 and inserting 2029 . Section 1202 of the Agricultural Act of 2014 ( 7 U.S.C. 9032 ) is amended— in subsection (b)— in the subsection heading, by striking and inserting 2023 ; 2024 in the matter preceding paragraph (1), by striking 2023 and inserting 2024 ; by redesignating subsections
(c)and
(d)as subsections
(d)and (e), respectively; by inserting after subsection
(b)the following: For purposes of each of the 2025 through 2029 crop years, the loan rate for a marketing assistance loan under section 1201 for a loan commodity shall be equal to the following: In the case of wheat, $3.72 per bushel. In the case of corn, $2.42 per bushel. In the case of grain sorghum, $2.42 per bushel. In the case of barley, $2.75 per bushel. In the case of oats, $2.20 per bushel. In the case of base quality of upland cotton, $0.55 per pound. In the case of extra long staple cotton, $1.00 per pound. In the case of long grain rice, $7.70 per hundredweight. In the case of medium grain rice, $7.70 per hundredweight. In the case of soybeans, $6.82 per bushel. In the case of other oilseeds, $11.10 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, $6.87 per hundredweight. In the case of lentils, $14.30 per hundredweight. In the case of small chickpeas, $11.00 per hundredweight. In the case of large chickpeas, $15.40 per hundredweight. In the case of graded wool, $1.60 per pound. In the case of nongraded wool, $0.55 per pound. In the case of mohair, $5.00 per pound. In the case of honey, $1.50 per pound. In the case of peanuts, $390 per ton. ; and by amending subsection
(e)(as so redesignated) to read as follows: For purposes of section 1116(b)(2) and paragraphs (1)(B)(ii) and (2)(A)(ii)(II) of section 1117(b), the loan rate shall be deemed to equal— for seed cotton, $0.30 per pound; and for corn, $3.30 per bushel. Nothing in this subsection authorizes any nonrecourse marketing assistance loan under this subtitle for seed cotton. .
Connectionstraces to 2
Citation graph
cites case law
Cites 2Cited by 0 across 0 sources