Browse Arkansas Code titles and sections
7 U.S.C. § 7237 — Availability of recourse loans for high moisture feed grains and seed cotton and other fibers
Federal law — U.S. Code and appendices · legal_authorities
**(a) High moisture feed grains**
(1) **Recourse loans available** — For each of the 1996 through 2002 crops of corn 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 corn 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 corn and grain sorghum in a high moisture state; and
(D) comply with deadlines established by the Secretary for harvesting the corn 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 corn or grain sorghum of the same crop acquired by the producer equivalent to a quantity determined by multiplying—
(A) the a
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 7237
Stored review status: release_metadata_unconfirmed. A text match is a research starting point; applicability is not established.
Original supplied file — preserved unchanged
Download original Markdown file
File SHA-256: 2a0234b6978017e499e1b568af88a8485c4f27fc828acd438362eaa6a48e3663. The original may include catalog metadata, neighboring provisions, or embedded records outside this collection's scope. Search shows only the selected federal record. Historical editions and unverified snapshots are not a statement of current law.
Authority boundary: historical or unconfirmed source not current law verified.
Open the recorded source website ↗
Record provenance
Stable record: federal_law:legal_authorities:record_usc_6c0531a276a00a9d4fe52236
Source file: Laws/federal/codes/united-states-code/title-7/section-7237-availability-of-recourse-loans-for-high-moisture-feed-grains-and-seed-co--ef44432f57.md
Pages: Not recorded – Not recorded
Passage SHA-256: b073634f2b16ac78b0f168d4589e64234e8fdc71628cb16bb8190b2fea613ba8
Source location: Title 7, Chapter 100, § 7237; chapter-100-agricultural-market-transition.md
Stored source content
**(a) High moisture feed grains**
(1) **Recourse loans available** — For each of the 1996 through 2002 crops of corn 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 corn 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 corn and grain sorghum in a high moisture state; and
(D) comply with deadlines established by the Secretary for harvesting the corn 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 corn or grain sorghum of the same crop acquired by the producer equivalent to a quantity determined by multiplying—
(A) the acreage of the corn 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 corn or grain sorghum was obtained.
(3) **“High moisture state” defined** — In this subsection, the term “high moisture state” means corn or grain sorghum having a moisture content in excess of Commodity Credit Corporation standards for marketing assistance loans made by the Secretary under [section 7231 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section7231&num=0&edition=prelim).
**(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) Recourse loans available for mohair**
(1) **Recourse loans available** — Notwithstanding any other provision of law, during fiscal year 1999, the Secretary shall make available recourse loans, as determined by the Secretary, to producers of mohair produced during or before that fiscal year.
(2) **Loan rate** — The loan rate for a loan under paragraph (1) shall be equal to $2.00 per pound.
(3) **Term of loan** — A loan under paragraph (1) shall have a term of 1 year beginning on the first day of the first month after the month in which the loan is made.
(4) **Waiver of interest** — Notwithstanding subsection (d), the Secretary shall not charge interest on a loan made under paragraph (1).
**(d) 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).
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Nonrecourse loans available** For each of the 1996 through 2002 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. The loans shall be made under terms and conditions that are prescribed by the Secretary and at the loan rate established under [section 7232 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section7232&num=0&edition=prelim) for the loan commodity.
**(b) Eligible production** The following production shall be eligible for a marketing assistance loan under subsection (a):
(1) In the case of a marketing assistance loan for a contract commodity, any production by a producer on a farm containing eligible cropland covered by a production flexibility contract.
(2) In the case of a marketing assistance loan for extra long staple cotton and oilseeds, any production.
**(c) Compliance with conservation and wetlands requirements** As a condition of the receipt of a marketing assistance loan under subsection (a), 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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title16-section3811&num=0&edition=prelim) et seq.) and applicable wetland protection requirements under subtitle C of title XII of the Act ([16 U.S.C. 3821](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title16-section3821&num=0&edition=prelim) et seq.) during the term of the loan.
**(d) Additional outlays prohibited** The Secretary shall carry out this subchapter in such a manner that there are no additional outlays under this subchapter as a result of the reconstitution of a fa
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 7231
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
**(a) High moisture feed grains**
(1) **Recourse loans available** — For each of the 2002 through 2007 crops of corn and grain sorghum, the Secretary shall make available recourse loans, as determined by the Secretary, to producers on a farm that—
(A) normally harvest all or a portion of their crop of corn 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 corn and grain sorghum in a high moisture state; and
(D) comply with deadlines established by the Secretary for harvesting the corn 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 corn or grain sorghum of the same crop acquired by the producer equivalent to a quantity determined by multiplying—
(A) the acreage of the corn or grain sorghum in a high moisture state harvested on
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 7951
Stored review status: release_metadata_unconfirmed. Incoming connection: Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
Page 1981
TITLE 7—AGRICULTURE
§ 7237
Subsec. (b)(1). Pub. L. 106–78, § 806(b)(1), added par. (1)
and struck out heading and text of former par. (1). Text
read as follows: ‘‘The President shall carry out an im-
port quota program that provides that, during the pe-
riod ending July 31, 2003, whenever the Secretary deter-
mines and announces that for any consecutive 10-week
period, the Friday through Thursday average price
quotation for the lowest-priced United States growth,
as quoted for Middling (M) 13⁄32-inch cotton, delivered
C.I.F. Northern Europe, adjusted for the value of any
certificates issued under subsection (a) of this section,
exceeds the Northern Europe price by more than 3
cents per pound, there shall immediately be in effect a
special import quota.’’
Subsec. (b)(7). Pub. L. 106–78, § 806(b)(2), added par. (7).
1998—Subsecs. (a)(1)(A), (2), (b)(1). Pub. L. 105–277 sub-
stituted ‘‘3 cents’’ for ‘‘1.25 cents’’.
1997—Subsec. (a)(1). Pub. L. 105–86, § 731(1), in intro-
ductory provisions substituted ‘‘During’’ for ‘‘Subject
to paragraph (4), during’’ and in subpar. (B) substituted
‘‘134’’ for ‘‘130’’.
Subsec. (a)(4), (5). Pub. L. 105–86, § 731(2), (3) redesig-
nated par. (5) as (4) and struck out heading and text of
former par. (4). Text read as follows: ‘‘The Secretary
shall not issue marketing certificates or cash payments
under paragraph (1) if, for the immediately preceding
consecutive 10-week period, the Friday through Thurs-
day average price quotation for the lowest priced
United States growth, as quoted for Middling (M) 13⁄32-
inch cotton, delivered C.I.F. Northern Europe, adjusted
for the value of any certificate issued under this sub-
section, exceeds the Northern Europe price by more
than 1.25 cents per pound.’’
Statutory Notes
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 7237
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.