§ 7932. Loan rates for nonrecourse marketing assistance loans
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/usc/title-7/section-7932A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)2002 and 2003 crop years For purposes of the 2002 and 2003 crop years, the loan rate for a marketing assistance loan under section 7931 of this title for a loan commodity shall be equal to the following:
(1)In the case of wheat, $2.80 per bushel.
(2)In the case of corn, $1.98 per bushel.
(3)In the case of grain sorghum, $1.98 per bushel.
(4)In the case of barley, $1.88 per bushel.
(5)In the case of oats, $1.35 per bushel.
(6)In the case of upland cotton, $0.52 per pound.
(7)In the case of extra long staple cotton, $0.7977 per pound.
(8)In the case of rice, $6.50 per hundredweight.
(9)In the case of soybeans, $5.00 per bushel.
(10)In the case of other oilseeds, $.0960 per pound 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.
(11)In the case of graded wool, $1.00 per pound.
(12)In the case of nongraded wool, $0.40 per pound.
(13)In the case of mohair, $4.20 per pound.
(14)In the case of honey, $0.60 per pound.
(15)In the case of dry peas, $6.33 per hundredweight.
(16)In the case of lentils, $11.94 per hundredweight.
(17)In the case of small chickpeas, $7.56 per hundredweight.
(b)2004 through 2007 crop years For purposes of the 2004 through 2007 crop years, the loan rate for a marketing assistance loan under section 7931 of this title for a loan commodity 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 upland cotton, $0.52 per pound.
(7)In the case of extra long staple cotton, $0.7977 per pound.
(8)In the case of rice, $6.50 per hundredweight.
(9)In the case of soybeans, $5.00 per bushel.
(10)In the case of other oilseeds, $.0930 per pound 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.
(11)In the case of graded wool, $1.00 per pound.
(12)In the case of nongraded wool, $0.40 per pound.
(13)In the case of mohair, $4.20 per pound.
(14)In the case of honey, $0.60 per pound.
(15)In the case of dry peas, $6.22 per hundredweight.
(16)In the case of lentils, $11.72 per hundredweight.
(17)In the case of small chickpeas, $7.43 per hundredweight.
(c)Single county loan rate for other oilseeds The Secretary shall establish a single loan rate in each county for each kind of other oilseeds described in subsections (a)(10) and (b)(10).
(d)Quality grades for dry peas, lentils, and small chickpeas The loan rate for dry peas, lentils, and small chickpeas shall be based on—
(1)in the case of dry peas, United States feed peas;
(2)in the case of lentils, United States number 3 lentils; and
(3)in the case of small chickpeas, United States number 3 small chickpeas that drop below a 20/64 screen.
(Pub. L. 107–171, title I, § 1202, May 13, 2002, 116 Stat. 155; Pub. L. 108–7, div. A, title VII, § 763(b), Feb. 20, 2003, 117 Stat. 46.)
Connections15 cite this · traces to 2
Cited by 15 sections · top 8
U.S. Code
statutes-at-large
- Public Law 110–196To extend agricultural programs beyond March 15, 2008, to suspend permanent price support authorities beyond that date, and for other purposes
- Public Law 108–7
- Public Law 110–161Making appropriations for the Department of State, foreign operations, and related programs for the fiscal year ending September 30, 2008, and for other purposes
- Public Law 107–171To provide for the continuation of agricultural programs through fiscal year 2007, and for other purposes
statute-compilations
Traces to 2 documents
9 references not yet in our index
- Pub. L. 107–171, title I, § 1202
- 116 Stat. 155
- Pub. L. 108–7, div. A, title VII, § 763(b)
- 117 Stat. 46
- Pub. L. 108–7, § 763(b)(1)
- Pub. L. 108–7, § 763(b)(2)
- Pub. L. 108–7, § 763(b)(3)
- Pub. L. 108–7
- section 763(d) of Pub. L. 108–7
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§ 7932
Loan rates for nonrecourse marketing assistance loans
U.S.C.×10
Stat.×4
Stat. Comp.×1
Pub. L.Pub. L. 107–171, title I, § 1202
Stat.116 Stat. 155
Pub. L.Pub. L. 108–7, div. A, title VII, § 763(b)
Stat.117 Stat. 46
Pub. L.Pub. L. 108–7, § 763(b)(1)
Cites 11 · showing 7Cited by 15 across 3 sources