§ 8732. Loan rates for nonrecourse marketing assistance loans

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(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 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 base quality 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 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, $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 designated by the Secretary.

(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 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 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 base quality 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 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, $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 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, $1.00 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 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 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, $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.

(d)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)(11), (b)(11), and (c)(11).

(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.)

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