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Code · U.S. Code · Title 7 - AGRICULTURE · CHAPTER 115— AGRICULTURAL COMMODITY POLICY AND PROGRAMS · SUBCHAPTER II— MARKETING LOANS · § 9032

§ 9032. Loan rates for nonrecourse marketing assistance loans

1,364 words·~6 min read·/usc/title-7/section-9032

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)2014 through 2018 crop years 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.
(b)2019 through 2025 crop years 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.
(c)2026 through 2031 crop years 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.
(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).
(e)Seed cotton
(1)In general For purposes of section 9016 (b)(2) of this title and paragraphs (1)(B)(ii) and (2)(A)(ii)(II) of section 9017(b) of this title, the loan rate for seed cotton shall be deemed to be equal to $0.30 per pound.
(2)Effect Nothing in this subsection authorizes any nonrecourse marketing assistance loan under this subchapter for seed cotton.
(Pub. L. 113–79, title I, § 1202, Feb. 7, 2014, 128 Stat. 675; Pub. L. 115–123, div. F, § 60101(a)(9), Feb. 9, 2018, 132 Stat. 310; Pub. L. 115–334, title I, § 1202(a), Dec. 20, 2018, 132 Stat. 4509; Pub. L. 119–21, title I, § 10309(b), July 4, 2025, 139 Stat. 93.)
Connections39 cite this · traces to 9
Cited by 39 sections · top 33
4 references not yet in our index
  • 128 Stat. 675
  • 132 Stat. 310
  • 132 Stat. 4509
  • 139 Stat. 93
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cites case law
§ 9032
Loan rates for nonrecourse marketing assistance loans
Bills×18
U.S.C.×10
Pub. L.×4
Stat. Comp.×3
Fed. Reg.×2
Stat.×2
U.S.C.§ 9031
U.S.C.§ 9017
Pub. L.Public Law 113-79
Pub. L.Public Law 115-123
Pub. L.Public Law 115-334
Pub. L.Public Law 119-21
Pub. L.Public Law 118-22
U.S.C.§ 9001
U.S.C.§ 9011
Stat.128 Stat. 675
Stat.132 Stat. 310
Stat.132 Stat. 4509
Cites 13 · showing 12Cited by 39 across 6 sources
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