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7 U.S.C. § 7981 — Storage facility loans
Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** Notwithstanding any other provision of law and as soon as practicable after May 13, 2002, the Commodity Credit Corporation shall amend part 1436 of title 7, Code of Federal Regulations, to establish a sugar storage facility loan program to provide financing for processors of domestically-produced sugarcane and sugar beets to construct or upgrade storage and handling facilities for raw sugars and refined sugars.
**(b) Eligible processors** A storage facility loan described in subsection (a) shall be made available to any processor of domestically produced sugarcane or sugar beets that (as determined by the Secretary)—
(1) has a satisfactory credit history;
(2) has a need for increased storage capacity, taking into account the effects of marketing allotments; and
(3) demonstrates an ability to repay the loan.
**(c) Term of loans** A storage facility loan described in subsection (a) shall—
(1) have a minimum term of 7 years;
(2) not include any penalty for prepayment; and
(3) be in such amounts and on such other terms and conditions (including terms and conditions relating to downpayments, collateral, and eligible facilities) as are normal, customary, and appropriate for the size and commercial nature of the borrower.
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Source file: Laws/federal/codes/united-states-code/title-7/section-7981-storage-facility-loans--23e1cb6114.md
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Source location: Title 7, Chapter 106, § 7981; chapter-106-commodity-programs.md
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**(a) In general** Notwithstanding any other provision of law and as soon as practicable after May 13, 2002, the Commodity Credit Corporation shall amend part 1436 of title 7, Code of Federal Regulations, to establish a sugar storage facility loan program to provide financing for processors of domestically-produced sugarcane and sugar beets to construct or upgrade storage and handling facilities for raw sugars and refined sugars.
**(b) Eligible processors** A storage facility loan described in subsection (a) shall be made available to any processor of domestically produced sugarcane or sugar beets that (as determined by the Secretary)—
(1) has a satisfactory credit history;
(2) has a need for increased storage capacity, taking into account the effects of marketing allotments; and
(3) demonstrates an ability to repay the loan.
**(c) Term of loans** A storage facility loan described in subsection (a) shall—
(1) have a minimum term of 7 years;
(2) not include any penalty for prepayment; and
(3) be in such amounts and on such other terms and conditions (including terms and conditions relating to downpayments, collateral, and eligible facilities) as are normal, customary, and appropriate for the size and commercial nature of the borrower.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Definitions** In this section:
(1) **Agricultural commodity** — The term “agricultural commodity” has the meaning given the term in [section 5602 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section5602&num=0&edition=prelim).
(2) **Geographically disadvantaged farmer or rancher** — The term “geographically disadvantaged farmer or rancher” has the meaning given the term in section 10906(a) of the Farm Security and Rural Investment Act of 2002 ([7 U.S.C. 2204](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section2204&num=0&edition=prelim) note; Public Law 107–171).
**(b) Authorization** Subject to the availability of funds under subsection (d), the Secretary may provide geographically disadvantaged farmers or ranchers direct reimbursement payments for activities described in subsection (c).
**(c) Transportation**
(1) **In general** — Subject to paragraphs (2) and (3), the Secretary may provide direct reimbursement payments to a geographically disadvantaged farmer or rancher to transport an agricultural commodity, or inputs used to produce an agricultural commodity, during a fiscal year.
(2) **Proof of eligibility** — To be eligible to receive assistance under paragraph (1), a geographically disadvantaged farmer or rancher shall demonstrate to the Secretary that transportation of the agricultural commodity or inputs occurred over a distance of more than 30 miles, as determined by the Secretary.
(3) **Amount**
(A) *In general* — Subject to paragraph (2), the amount of direct reimbursement payments made to a geographically disadvantaged farmer or rancher under this section for a fiscal year shall equal the product obtained by multiplying—
(i) the amount of costs incurred by the geographically di
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 8701
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Study required** The Secretary of Agriculture shall conduct a comprehensive economic evaluation of the potential direct and indirect effects of the various elements of the national dairy policy, including an examination of the effect of the national dairy policy on—
(1) farm price stability, farm profitability and viability, and local rural economies in the United States;
(2) child, senior, and low-income nutrition programs, including impacts on schools and institutions participating in the programs, on program recipients, and other factors; and
(3) the wholesale and retail cost of fluid milk, dairy farms, and milk utilization.
**(b) Report** Not later than 1 year after May 13, 2002, the Secretary shall submit to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate a report describing the results of the study required by this section.
**(c) National dairy policy defined** In this section, the term “national dairy policy” means the dairy policy of the United States as evidenced by the following policies and programs:
(1) Federal milk marketing orders issued under [section 608c of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section608c&num=0&edition=prelim).
(2) Interstate dairy compacts (including proposed compacts described in H.R. 1827 and S. 1157, as introduced in the 107th Congress).
(3) Over-order premiums and State pricing programs.
(4) Direct payments to milk producers.
(5) Federal milk price support program established under [section 7981 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section7981&num=0&edition=prelim).11 See References in Text note below.
(6) Export programs regarding milk and dai
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Federal law — U.S. Code and appendices · legal_authorities
Page 2144
TITLE 7—AGRICULTURE
§ 7960
B of subchapter II of chapter 35 of this title prior to re-
peal by subsec. (a)(1) of this section. For complete clas-
sification of this Act to the Code, see section 1281 of
this title and Tables.
CODIFICATION
Section is comprised of section 1309 of Pub. L. 107–171.
Subsec. (a)(1) of section 1309 of Pub. L. 107–171 repealed
sections 1357 to 1359a of this title. Subsec. (h) of section
1309 amended sections 1361, 1371, 1373, and 1378 of this
title.
§ 7960. Repeal of superseded price support au-
thority and effect of repeal
(a) Omitted
(b) Disposal
Notwithstanding any other provision of law or
previous declaration made by the Secretary, the
Secretary shall ensure that the disposal of all
peanuts for which a loan for the 2001 crop of pea-
nuts was made under section 7271 of this title be-
fore May 13, 2002, is carried out in a manner that
prevents price disruptions in the domestic and
international markets for peanuts.
(c) Treatment of crop insurance policies for 2002
crop year
(1) Applicability
This subsection shall apply for the 2002 crop
year only notwithstanding any other provision
of law or crop insurance policy.
(2) Price election
The nonquota price election for segregation
I, II, and III peanuts shall be 17.75 cents per
pound and shall be used for all aspects of the
policy relating to the calculations of pre-
mium, liability, and indemnities.
(3) Quality adjustment
For the purposes of quality adjustment only,
the average support price per pound of peanuts
shall be a price equal to 17.75 cents per pound.
Quality under the crop insurance policy for
peanuts shall be adjusted under procedures
issued by the Federal Crop Insurance Corpora-
tion.
(Pub. L. 107–171, title I, § 1310, May 13, 2002, 116
St
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