Sec. 10309. Marketing loans

599 words·~3 min read·/bill/119/hr/1/eas/section-10309

A 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 2031 . 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 ; and 2025 in the matter preceding paragraph (1), by striking 2023 and inserting 2025 ; 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 2026 through 2031 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 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. ; in subsection

(d)(as so redesignated), by striking (a)(11) and (b)(11) and inserting (a)(11), (b)(11), and (c)(11) ; and in subsection

(e)(as so redesignated), in paragraph (1), by striking $0.25 and inserting $0.30 . Section 1204(g) of the Agricultural Act of 2014 ( 7 U.S.C. 9034(g) ) is amended— by striking Effective and inserting the following: Effective ; in paragraph

(1)(as so designated), by striking 2023 and inserting 2025 ; and by adding at the end the following: Effective for each of the 2026 through 2031 crop years, the Secretary shall make cotton storage payments for upland cotton and extra long staple cotton available in the same manner as the Secretary provided storage payments for the 2006 crop of upland cotton, except that the payment rate shall be equal to the lesser of— the submitted storage charge for the current marketing year; and in the case of storage in— California or Arizona, a payment rate of $4.90; and any other State, a payment rate of $3.00. . Section 1205(a)(2)(B) of the Agricultural Act of 2014 ( 7 U.S.C. 9035(a)(2)(B) ) is amended by striking 2023 and inserting 2031 . Section 1206 of the Agricultural Act of 2014 ( 7 U.S.C. 9036 ) is amended, in subsections

(a)and (d), by striking 2023 each place it appears and inserting 2031 . Section 1208(a) of the Agricultural Act of 2014 ( 7 U.S.C. 9038(a) ) is amended, in the matter preceding paragraph (1), by striking 2026 and inserting 2032 . Section 1209 of the Agricultural Act of 2014 ( 7 U.S.C. 9039 ) is amended, in subsections (a)(2), (b), and (c), by striking 2023 each place it appears and inserting 2031 .

Connectionstraces to 7

Traces to 7 documents

U.S. Code

Citation graph

cites case law

Sec. 10309

Marketing loans

Cites 7Cited by 0 across 0 sources