§ 7237. Availability of recourse loans for high moisture feed grains and seed cotton and other fibers

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1996

   Agricultural Market Transition Act

   Pub. L. 104–127 title I § 137 · 110 Stat. 888

   Enacted · 7 U.S.C. § 7237

   Pub. L. 104–127, title I, § 137, Apr. 4, 1996, 110 Stat. 912

   Source evidence

   Code source credit
   Pub. L. 104–127, title I, § 137, Apr. 4, 1996, 110 Stat. 912

   Enacted provision · exact public law section
   SEC. 137. AVAILABILITY OF RECOURSE LOANS FOR HIGH MOISTURE FEED GRAINS AND SEED COTTON. (a) High Moisture Feed Grains.— (1) Recourse loans available.— For each of the 1996 through 2002 crops of com and grain sorghum, the Secretary shall make available recourse loans, as determined by the Secretary, to producers on a farm containing eligible cropland covered by a production flexibility contract who— (A) normally harvest all or a portion of their crop of com or grain sorghum in a high moisture state; (B) present— (i) certified scale tickets from an inspected, certified commercial scale, including a licensed warehouse, feedlot, feed mill, distillery, or other similar entity approved by the Secretary, pursuant to regulations issued by the Secretary; or (ii) field or other physical measurements of the standing or stored crop in regions of the United States, as determined by the Secretary, that do not have certified commercial scales from which certified scale tickets may be obtained within reasonable proximity of harvest operation; (C) certify that they were the owners of the feed grain at the time of delivery to, and that the quantity to be placed under loan under this subsection was in fact harvested on the farm and delivered to, a feedlot, feed mill, or commercial or on-farm high-moisture storage facility, or to a facility maintained by the users of com and grain sorghum in a high moisture state; and (D) comply with deadlines established by the Secretary for harvesting the com or grain sorghum and submit applications for loans under this subsection within deadlines established by the Secretary. (2) Eligibility of acquired feed grains.— A loan under this subsection shall be made on a quantity of com or grain sorghum of the same crop acquired by the producer equivalent to a quantity determined by multiplying— (A) the acreage of the com or grain sorghum in a high moisture state harvested on the producer’s farm; by (B) the lower of the farm program payment yield or the actual yield on a field, as determined by the Secretary, that is similar to the field from which the com or grain sorghum was obtained. (3) High moisture state defined.— In this subsection, the term “high moisture state” means com or grain sorghum having a moisture content in excess of Commodity Credit Corporation standards for marketing assistance loans made by the Secretary under section 131. (b) Recourse Loans Available for Seed Cotton.— (1) Upland cotton.— For each of the 1996 through 2002 crops of upland cotton, the Secretary shall make available recourse seed cotton loans, as determined by the Secretary, to producers on a farm containing eligible cropland covered by a production flexibility contract. (2) Extra long staple cotton.— For each of the 1996 through 2002 crops of extra long staple cotton, the Secretary shall make available recourse seed cotton loans, as determined by the Secretary, on any production. (c) Repayment Rates.— Repayment of a recourse loan made under this section shall be at the loan rate established for the commodity by the Secretary, plus interest (as determined by the Secretary).

2. 1998

   Pub. L. 105–277 § 101(a)(tXI)(s1126)(1) · 112 Stat. 2681

   Inserted · 7 U.S.C. § 7237

   Pub. L. 105–277, § 101(a) [title XI, § 1126(1)], inserted “and other fibers” after “seed cotton” in section catchline

   Source evidence

   Code amendment note
   Pub. L. 105–277, § 101(a) [title XI, § 1126(1)], inserted “and other fibers” after “seed cotton” in section catchline.

   Enacted provision · exact public law section
   Sec. 101. For programs, projects or activities in the Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 1999, provided as follows, to be effective as if it had been enacted into law as the regular appropriations Act: AN ACT Making appropriations for Agriculture, Rural Development, Food and Drug Administration, and Related Agencies programs for the fiscal year ending September 30, 1999, and for other purposes. Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 1999.

3. 1998

   Pub. L. 105–277 § 101(a)(tXI)(s1126)(2) · 112 Stat. 2681

   1. Added · 7 U.S.C. § 7237(c); 7 U.S.C. § 7237(d)

      Pub. L. 105–277, § 101(a) [title XI, § 1126(2), (3)], added subsec. (c)

   2. Redesignated · 7 U.S.C. § 7237(c); 7 U.S.C. § 7237(d)

      Pub. L. 105–277, § 101(a) [title XI, § 1126(2), (3)], redesignated former subsec. (c) as (d)

   Source evidence

   Code amendment note
   Subsecs. (c), (d). Pub. L. 105–277, § 101(a) [title XI, § 1126(2), (3)], added subsec. (c) and redesignated former subsec. (c) as (d).

   Enacted provision · exact public law section
   Sec. 101. For programs, projects or activities in the Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 1999, provided as follows, to be effective as if it had been enacted into law as the regular appropriations Act: AN ACT Making appropriations for Agriculture, Rural Development, Food and Drug Administration, and Related Agencies programs for the fiscal year ending September 30, 1999, and for other purposes. Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 1999.

4 of 4 references resolved to an enrolled provision