Title 7 — Agriculture
Chapter 106 — Commodity Programs
§ 7932. Loan rates for nonrecourse marketing assistance loans
Statutory text
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:
In the case of wheat, $2.80 per bushel.
In the case of corn, $1.98 per bushel.
In the case of grain sorghum, $1.98 per bushel.
In the case of barley, $1.88 per bushel.
In the case of oats, $1.35 per bushel.
In the case of upland cotton, $0.52 per pound.
In the case of extra long staple cotton, $0.7977 per pound.
In the case of rice, $6.50 per hundredweight.
In the case of soybeans, $5.00 per bushel.
In the case of other oilseeds, $.0960 per pound 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 graded wool, $1.00 per pound.
In the case of nongraded wool, $0.40 per pound.
In the case of mohair, $4.20 per pound.
In the case of honey, $0.60 per pound.
In the case of dry peas, $6.33 per hundredweight.
In the case of lentils, $11.94 per hundredweight.
In the case of small chickpeas, $7.56 per hundredweight.
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:
In the case of wheat, $2.75 per bushel.
In the case of corn, $1.95 per bushel.
In the case of grain sorghum, $1.95 per bushel.
In the case of barley, $1.85 per bushel.
In the case of oats, $1.33 per bushel.
In the case of upland cotton, $0.52 per pound.
In the case of extra long staple cotton, $0.7977 per pound.
In the case of rice, $6.50 per hundredweight.
In the case of soybeans, $5.00 per bushel.
In the case of other oilseeds, $.0930 per pound 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 graded wool, $1.00 per pound.
In the case of nongraded wool, $0.40 per pound.
In the case of mohair, $4.20 per pound.
In the case of honey, $0.60 per pound.
In the case of dry peas, $6.22 per hundredweight.
In the case of lentils, $11.72 per hundredweight.
In the case of small chickpeas, $7.43 per hundredweight.
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).
Quality grades for dry peas, lentils, and small chickpeas
The loan rate for dry peas, lentils, and small chickpeas shall be based on—
in the case of dry peas, United States feed peas;
in the case of lentils, United States number 3 lentils; and
in the case of small chickpeas, United States number 3 small chickpeas that drop below a 20/64 screen.
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.
Pub. L. 107–171 title I § 1202 · 116 Stat. 134
Enacted · 7 U.S.C. § 7932
Pub. L. 107–171, title I, § 1202, May 13, 2002, 116 Stat. 155
Source evidence
Code source credit
Pub. L. 107–171, title I, § 1202, May 13, 2002, 116 Stat. 155Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2003
Pub. L. 108–7 § 763(b)(1) · 117 Stat. 11
Added · 7 U.S.C. § 7932(a)(10)
Pub. L. 108–7, § 763(b)(1), added par. (10)
Struck · 7 U.S.C. § 7932(a)(10)
Pub. L. 108–7, § 763(b)(1), struck out former par. (10) which read as follows: “In the case of other oilseeds, $0.0960 per pound.”
Source evidence
Code amendment note
Subsec. (a)(10). Pub. L. 108–7, § 763(b)(1), added par. (10) and struck out former par. (10) which read as follows: “In the case of other oilseeds, $0.0960 per pound.”Enacted provision · exact public law section
(1) in subsection (a), by striking paragraph (10) and inserting the following: “(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.” ;Effective date note
Amendment by Pub. L. 108–7 applicable beginning with the 2003 crop of other oilseeds, dry peas, lentils, and small chickpeas, see section 763(d) of Pub. L. 108–7, set out as a note under section 7901 of this title.Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2003
Pub. L. 108–7 § 763(b)(2) · 117 Stat. 11
Added · 7 U.S.C. § 7932(b)(10)
Pub. L. 108–7, § 763(b)(2), added par. (10)
Struck · 7 U.S.C. § 7932(b)(10)
Pub. L. 108–7, § 763(b)(2), struck out former par. (10) which read as follows: “In the case of other oilseeds, $0.0930 per pound.”
Source evidence
Code amendment note
Subsec. (b)(10). Pub. L. 108–7, § 763(b)(2), added par. (10) and struck out former par. (10) which read as follows: “In the case of other oilseeds, $0.0930 per pound.”Enacted provision · exact public law section
(2) in subsection (b), by striking paragraph (10) and inserting the following: “(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.” ;Effective date note
Amendment by Pub. L. 108–7 applicable beginning with the 2003 crop of other oilseeds, dry peas, lentils, and small chickpeas, see section 763(d) of Pub. L. 108–7, set out as a note under section 7901 of this title.Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2003
Pub. L. 108–7 § 763(b)(3) · 117 Stat. 11
Added · 7 U.S.C. § 7932(c); 7 U.S.C. § 7932(d)
Pub. L. 108–7, § 763(b)(3), added subsecs. (c) and (d)
Source evidence
Code amendment note
Subsecs. (c), (d). Pub. L. 108–7, § 763(b)(3), added subsecs. (c) and (d).Enacted provision · exact public law section
(3) by adding at the end the following: “(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.” .Effective date note
Amendment by Pub. L. 108–7 applicable beginning with the 2003 crop of other oilseeds, dry peas, lentils, and small chickpeas, see section 763(d) of Pub. L. 108–7, set out as a note under section 7901 of this title.
5 of 6 references resolved to an enrolled provision · 1 partial
Editorial Notes
Amendments
2003—Subsec. (a)(10). Pub. L. 108–7, § 763(b)(1), added par. (10) and struck out former par. (10) which read as follows: “In the case of other oilseeds, $0.0960 per pound.”
Subsec. (b)(10). Pub. L. 108–7, § 763(b)(2), added par. (10) and struck out former par. (10) which read as follows: “In the case of other oilseeds, $0.0930 per pound.”
Subsecs. (c), (d). Pub. L. 108–7, § 763(b)(3), added subsecs. (c) and (d).
Statutory Notes and Related Subsidiaries
Effective Date of 2003 Amendment
Amendment by Pub. L. 108–7 applicable beginning with the 2003 crop of other oilseeds, dry peas, lentils, and small chickpeas, see section 763(d) of Pub. L. 108–7, set out as a note under section 7901 of this title.
Credits
2002–2003 · 2 acts
- 2002Pub. L. 107–171, title I, § 1202, , 116 Stat. 155
- 2003Pub. L. 108–7, div. A, title VII, § 763(b), , 117 Stat. 46.
Show as published
(Pub. L. 107–171, title I, § 1202, , 116 Stat. 155; Pub. L. 108–7, div. A, title VII, § 763(b), , 117 Stat. 46.)