Title 7 — Agriculture
Chapter 115 — Agricultural Commodity Policy and Programs
§ 9031. Availability of nonrecourse marketing assistance loans for loan commodities
Statutory text
Definition of loan commodity
In this subchapter, the term “loan commodity” means wheat, corn, grain sorghum, barley, oats, upland cotton, extra long staple cotton, long grain rice, medium grain rice, peanuts, soybeans, other oilseeds, graded wool, nongraded wool, mohair, honey, dry peas, lentils, small chickpeas, and large chickpeas.
Nonrecourse loans available
In general
For each of the 2014 through 2031 crops of each loan commodity, the Secretary shall make available to producers on a farm nonrecourse marketing assistance loans for loan commodities produced on the farm.
Terms and conditions
The marketing assistance loans shall be made under terms and conditions that are prescribed by the Secretary and at the loan rate established under section 9032 of this title for the loan commodity.
Eligible production
The producers on a farm shall be eligible for a marketing assistance loan under subsection (b) for any quantity of a loan commodity produced on the farm.
Compliance with conservation and wetlands requirements
As a condition of the receipt of a marketing assistance loan under subsection (b), the producer shall comply with applicable conservation requirements under subtitle B of title XII of the Food Security Act of 1985 (16 U.S.C. 3811 et seq.) and applicable wetland protection requirements under subtitle C of title XII of that Act (16 U.S.C. 3821 et seq.) during the term of the loan.
Special rules for peanuts
In general
This subsection shall apply only to producers of peanuts.
Options for obtaining loan
A marketing assistance loan under this section, and loan deficiency payments under section 9035 of this title, may be obtained at the option of the producers on a farm through—
a designated marketing association or marketing cooperative of producers that is approved by the Secretary; or
the Farm Service Agency.
Storage of loan peanuts
As a condition on the approval by the Secretary of an individual or entity to provide storage for peanuts for which a marketing assistance loan is made under this section, the individual or entity shall agree—
to provide the storage on a nondiscriminatory basis; and
to comply with such additional requirements as the Secretary considers appropriate to accomplish the purposes of this section and promote fairness in the administration of the benefits of this section.
Storage, handling, and associated costs
In general
To ensure proper storage of peanuts for which a loan is made under this section, the Secretary shall pay handling and other associated costs (other than storage costs) incurred at the time at which the peanuts are placed under loan, as determined by the Secretary.
Redemption and forfeiture
The Secretary shall—
require the repayment of handling and other associated costs paid under subparagraph (A) for all peanuts pledged as collateral for a loan that is redeemed under this section; and
pay storage, handling, and other associated costs for all peanuts pledged as collateral that are forfeited under this section.
Marketing
A marketing association or cooperative may market peanuts for which a loan is made under this section in any manner that conforms to consumer needs, including the separation of peanuts by type and quality.
Reimbursable agreements and payment of administrative expenses
The Secretary may implement any reimbursable agreements or provide for the payment of administrative expenses under this subsection only in a manner that is consistent with those activities in regard to other loan commodities.
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.
Agricultural Act of 2014
Pub. L. 113–79 title I § 1201 · 128 Stat. 649
Enacted · 7 U.S.C. § 9031
Pub. L. 113–79, title I, § 1201, Feb. 7, 2014, 128 Stat. 674
Source evidence
Code source credit
Pub. L. 113–79, title I, § 1201, Feb. 7, 2014, 128 Stat. 674Enacted provision · exact public law section
SEC. 1201. AVAILABILITY OF NONRECOURSE MARKETING ASSISTANCE LOANS FOR LOAN COMMODITIES. (a) Definition of Loan Commodity.— In this subtitle, the term “loan commodity” means wheat, corn, grain sorghum, barley, oats, upland cotton, extra long staple cotton, long grain rice, medium grain rice, peanuts, soybeans, other oilseeds, graded wool, nongraded wool, mohair, honey, dry peas, lentils, small chickpeas, and large chickpeas. (b) Nonrecourse Loans Available.— (1) In general.— For each of the 2014 through 2018 crops of each loan commodity, the Secretary shall make available to producers on a farm nonrecourse marketing assistance loans for loan commodities produced on the farm. (2) Terms and conditions.— The marketing assistance loans shall be made under terms and conditions that are prescribed by the Secretary and at the loan rate established under section 1202 for the loan commodity. (c) Eligible Production.— The producers on a farm shall be eligible for a marketing assistance loan under subsection (b) for any quantity of a loan commodity produced on the farm. (d) Compliance With Conservation and Wetlands Requirements.— As a condition of the receipt of a marketing assistance loan under subsection (b), the producer shall comply with applicable conservation requirements under subtitle B of title XII of the Food Security Act of 1985 (16 U.S.C. 3811 et seq.) and applicable wetland protection requirements under subtitle C of title XII of that Act (16 U.S.C. 3821 et seq.) during the term of the loan. (e) Special Rules for Peanuts.— (1) In general.— This subsection shall apply only to producers of peanuts. (2) Options for obtaining loan.— A marketing assistance loan under this section, and loan deficiency payments under section 1205, may be obtained at the option of the producers on a farm through— (A) a designated marketing association or marketing cooperative of producers that is approved by the Secretary; or (B) the Farm Service Agency. (3) Storage of loan peanuts.— As a condition on the approval by the Secretary of an individual or entity to provide storage for peanuts for which a marketing assistance loan is made under this section, the individual or entity shall agree— (A) to provide the storage on a nondiscriminatory basis; and (B) to comply with such additional requirements as the Secretary considers appropriate to accomplish the purposes of this section and promote fairness in the administration of the benefits of this section. (4) Storage, handling, and associated costs.— (A) In general.— To ensure proper storage of peanuts for which a loan is made under this section, the Secretary shall pay handling and other associated costs (other than storage costs) incurred at the time at which the peanuts are placed under loan, as determined by the Secretary. (B) Redemption and forfeiture.— The Secretary shall— (i) require the repayment of handling and other associated costs paid under subparagraph (A) for all peanuts pledged as collateral for a loan that is redeemed under this section; and (ii) pay storage, handling, and other associated costs for all peanuts pledged as collateral that are forfeited under this section. (5) Marketing.— A marketing association or cooperative may market peanuts for which a loan is made under this section in any manner that conforms to consumer needs, including the separation of peanuts by type and quality. (6) Reimbursable agreements and payment of administrative expenses.— The Secretary may implement any reimbursable agreements or provide for the payment of administrative expenses under this subsection only in a manner that is consistent with those activities in regard to other loan commodities.Agriculture Improvement Act of 2018
Pub. L. 115–334 title I § 1201(a) · 132 Stat. 4490
Substituted · 7 U.S.C. § 9031(b)(1)
Pub. L. 115–334 substituted “2023” for “2018”
Source evidence
Code amendment note
Subsec. (b)(1). Pub. L. 115–334 substituted “2023” for “2018”.Enacted provision · exact public law section
(a) In General.— Section 1201(b)(1) of the Agricultural Act of 2014 (7 U.S.C. 9031(b)(1)) is amended by striking “2018” and inserting “2023”.Pub. L. 119–21 title I § 10309(a) · 139 Stat. 93
Substituted · 7 U.S.C. § 9031(b)(1)
Pub. L. 119–21 substituted “2031” for “2023”
Unresolved: Pub. L. 119–21 was not found in the local Statutes at Large index.
Source evidence
Code amendment note
Subsec. (b)(1). Pub. L. 119–21 substituted “2031” for “2023”.
2 of 3 references resolved to an enrolled provision · 1 unresolved
Editorial Notes
References in Text
The Food Security Act of 1985, referred to in subsec. (d), is Pub. L. 99–198, , 99 Stat. 1354. Subtitles B and C of title XII of the Act are classified generally to subchapters II (§ 3811 et seq.) and III (§ 3821 et seq.), respectively, of chapter 58 of Title 16, Conservation. For complete classification of this Act to the Code, see Short Title of 1985 Amendment note set out under section 1281 of this title and Tables.
Codification
Provisions of law applicable to a loan commodity for the 2024 crop year pursuant to title I of Pub. L. 113–79 applicable to the 2025 crop year for that loan commodity, see section 4101(c)(1) of Pub. L. 118–158, set out in an Extension of Agricultural Programs note under section 9001 of this title.
Provisions of law applicable to a loan commodity for the 2023 crop year pursuant to title I of Pub. L. 113–79 applicable to the 2024 crop year for that loan commodity, see section 102(c)(1) of Pub. L. 118–22, set out in an Extension of Agricultural Programs note under section 9001 of this title.
Amendments2018–2025 · 2 rounds
2025
Subsec. (b)(1). Pub. L. 119–21 substituted “2031” for “2023”.
2018
Subsec. (b)(1). Pub. L. 115–334 substituted “2023” for “2018”.
Credits
2014–2025 · 3 acts
- 2014Pub. L. 113–79, title I, § 1201, , 128 Stat. 674
- 2018Pub. L. 115–334, title I, § 1201(a), , 132 Stat. 4509
- 2025Pub. L. 119–21, title I, § 10309(a), , 139 Stat. 93.
Show as published
(Pub. L. 113–79, title I, § 1201, , 128 Stat. 674; Pub. L. 115–334, title I, § 1201(a), , 132 Stat. 4509; Pub. L. 119–21, title I, § 10309(a), , 139 Stat. 93.)