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7 U.S.C. § 9033 — Loan rates for nonrecourse marketing assistance loans
Federal law — U.S. Code and appendices · legal_authorities
**(a) 2014 through 2018 crop years** For purposes of each of the 2014 through 2018 crop years, the loan rate for a marketing assistance loan under [section 9031 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section9031&num=0&edition=prelim) for a loan commodity shall be equal to the following:
(1) In the case of wheat, $2.94 per bushel.
(2) In the case of corn, $1.95 per bushel.
(3) In the case of grain sorghum, $1.95 per bushel.
(4) In the case of barley, $1.95 per bushel.
(5) In the case of oats, $1.39 per bushel.
(6) In the case of base quality of upland cotton, for each of the 2014 through 2018 crop years, the simple average of the adjusted prevailing world price for the 2 immediately preceding marketing years, as determined by the Secretary and announced October 1 preceding the next domestic plantings, but in no case less than $0.45 per pound or more than $0.52 per pound.
(7) In the case of extra long staple cotton, $0.7977 per pound.
(8) In the case of long grain rice, $6.50 per hundredweight.
(9) In the case of medium grain rice, $6.50 per hundredweight.
(10) In the case of soybeans, $5.00 per bushel.
(11) In the case of other oilseeds, $10.09 per hundredweight 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.
(12) In the case of dry peas, $5.40 per hundredweight.
(13) In the case of lentils, $11.28 per hundredweight.
(14) In the case of small chickpeas, $7.43 per hundredweight.
(15) In the case of large chickpeas, $11.28 per hundredweight.
(16) In the case of graded wool, $1.15 per pound.
(17) In the case of nongraded wo
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Source file: Laws/federal/codes/united-states-code/title-7/section-9033-loan-rates-for-nonrecourse-marketing-assistance-loans--c6aff95515.md
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Source location: Title 7, Chapter 115, § 9033; chapter-115-agricultural-commodity-policy-and-programs.md
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**(a) 2014 through 2018 crop years** For purposes of each of the 2014 through 2018 crop years, the loan rate for a marketing assistance loan under [section 9031 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section9031&num=0&edition=prelim) for a loan commodity shall be equal to the following:
(1) In the case of wheat, $2.94 per bushel.
(2) In the case of corn, $1.95 per bushel.
(3) In the case of grain sorghum, $1.95 per bushel.
(4) In the case of barley, $1.95 per bushel.
(5) In the case of oats, $1.39 per bushel.
(6) In the case of base quality of upland cotton, for each of the 2014 through 2018 crop years, the simple average of the adjusted prevailing world price for the 2 immediately preceding marketing years, as determined by the Secretary and announced October 1 preceding the next domestic plantings, but in no case less than $0.45 per pound or more than $0.52 per pound.
(7) In the case of extra long staple cotton, $0.7977 per pound.
(8) In the case of long grain rice, $6.50 per hundredweight.
(9) In the case of medium grain rice, $6.50 per hundredweight.
(10) In the case of soybeans, $5.00 per bushel.
(11) In the case of other oilseeds, $10.09 per hundredweight 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.
(12) In the case of dry peas, $5.40 per hundredweight.
(13) In the case of lentils, $11.28 per hundredweight.
(14) In the case of small chickpeas, $7.43 per hundredweight.
(15) In the case of large chickpeas, $11.28 per hundredweight.
(16) In the case of graded wool, $1.15 per pound.
(17) In the case of nongraded wool, $0.40 per pound.
(18) In the case of mohair, $4.20 per pound.
(19) In the case of honey, $0.69 per pound.
(20) In the case of peanuts, $355 per ton.
**(b) 2019 through 2025 crop years** For purposes of each of the 2019 through 2025 crop years, the loan rate for a marketing assistance loan under [section 9031 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section9031&num=0&edition=prelim) for a loan commodity shall be equal to the following:
(1) In the case of wheat, $3.38 per bushel.
(2) In the case of corn, $2.20 per bushel.
(3) In the case of grain sorghum, $2.20 per bushel.
(4) In the case of barley, $2.50 per bushel.
(5) In the case of oats, $2.00 per bushel.
(6)
(A) Subject to subparagraphs (B) and (C), in the case of base quality of upland cotton, the simple average of the adjusted prevailing world price for the 2 immediately preceding marketing years, as determined by the Secretary and announced October 1 preceding the next domestic planting.
(B) Except as provided in subparagraph (C), the loan rate determined under subparagraph (A) may not equal less than an amount equal to 98 percent of the loan rate for base quality of upland cotton for the preceding year.
(C) The loan rate determined under subparagraph (A) may not be equal to an amount—
(i) less than $0.45 per pound; or
(ii) more than $0.52 per pound.
(7) In the case of extra long staple cotton, $0.95 per pound.
(8) In the case of long grain rice, $7.00 per hundredweight.
(9) In the case of medium grain rice, $7.00 per hundredweight.
(10) In the case of soybeans, $6.20 per bushel.
(11) In the case of other oilseeds, $10.09 per hundredweight 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.
(12) In the case of dry peas, $6.15 per hundredweight.
(13) In the case of lentils, $13.00 per hundredweight.
(14) In the case of small chickpeas, $10.00 per hundredweight.
(15) In the case of large chickpeas, $14.00 per hundredweight.
(16) In the case of graded wool, $1.15 per pound.
(17) In the case of nongraded wool, $0.40 per pound.
(18) In the case of mohair, $4.20 per pound.
(19) In the case of honey, $0.69 per pound.
(20) In the case of peanuts, $355 per ton.
**(c) 2026 through 2031 crop years** For purposes of each of the 2026 through 2031 crop years, the loan rate for a marketing assistance loan under [section 9031 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section9031&num=0&edition=prelim) for a loan commodity shall be equal to the following:
(1) In the case of wheat, $3.72 per bushel.
(2) In the case of corn, $2.42 per bushel.
(3) In the case of grain sorghum, $2.42 per bushel.
(4) In the case of barley, $2.75 per bushel.
(5) In the case of oats, $2.20 per bushel.
(6) In the case of upland cotton, $0.55 per pound.
(7) In the case of extra long staple cotton, $1.00 per pound.
(8) In the case of long grain rice, $7.70 per hundredweight.
(9) In the case of medium grain rice, $7.70 per hundredweight.
(10) In the case of soybeans, $6.82 per bushel.
(11) In the case of other oilseeds, $11.10 per hundredweight 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.
(12) In the case of dry peas, $6.87 per hundredweight.
(13) In the case of lentils, $14.30 per hundredweight.
(14) In the case of small chickpeas, $11.00 per hundredweight.
(15) In the case of large chickpeas, $15.40 per hundredweight.
(16) In the case of graded wool, $1.60 per pound.
(17) In the case of nongraded wool, $0.55 per pound.
(18) In the case of mohair, $5.00 per pound.
(19) In the case of honey, $1.50 per pound.
(20) In the case of peanuts, $390 per ton.
**(d) 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)(11), (b)(11), and (c)(11).
**(e) Seed cotton**
(1) **In general** — For purposes of section 9016 (b)(2) of this title and paragraphs (1)(B)(ii) and (2)(A)(ii)(II) of [section 9017(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section9017/b&num=0&edition=prelim), the loan rate for seed cotton shall be deemed to be equal to $0.30 per pound.
(2) **Effect** — Nothing in this subsection authorizes any nonrecourse marketing assistance loan under this subchapter for seed cotton.
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Federal law — U.S. Code and appendices · legal_authorities
In this Act, the term “Secretary” means the Secretary of Agriculture.
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, Pub. L. 113–79, title I, § 1119, Feb. 7, 2014, 128 Stat. 673, related to transition assistance for producers of upland cotton.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Maintenance of base acres and payment yields** The Secretary shall maintain, for each covered commodity and upland cotton, base acres and payment yields on a farm established under sections 8702 and 8751 of this title, as adjusted pursuant to sections 8711, 8712, 8718, and 8752 of this title, as in effect on September 30, 2013, and as adjusted pursuant to sections 9012 and 9013 of this title.
**(b) Streamlining** In implementing this chapter and the amendments made by this title,11 See References in Text note below. the Secretary shall—
(1) continue to reduce administrative burdens and costs to producers by streamlining and reducing paperwork, forms, and other administrative requirements, to ensure that—
(A) a producer (or an agent of a producer) may report information, electronically (including geospatial data) or conventionally, to the Department of Agriculture, subject to the Secretary—
(i) establishing reasonable levels of tolerance that reflect the differences in accuracy between measures of common land units and geospatial data; and
(ii) ensuring that discrepancies that occur within the levels of tolerance established under clause (i) shall not be used to penalize a producer (or an agent of a producer) under any program administered by the Department of Agriculture;
(B) on the request of a producer (or an agent of a producer), the Department of Agriculture electronically shares with the producer (or agent) in real time and without cost to the producer (or agent) the common land unit data, related farm level data, conservation practices, and other information of the producer through a single Department of Agriculture-wide login;
(C) not later than September 30, 2020, the Administrator of the Risk Management Agency and the Administrator of
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Federal law — U.S. Code and appendices · legal_authorities
Page 2275
TITLE 7—AGRICULTURE
§ 9034
(d) Seed cotton
(1) In general
For purposes of section 9016 (b)(2) of this
title and paragraphs (1)(B)(ii) and (2)(A)(ii)(II)
of section 9017(b) of this title, the loan rate for
seed cotton shall be deemed to be equal to
$0.25 per pound.
(2) Effect
Nothing in this subsection authorizes any
nonrecourse marketing assistance loan under
this subchapter for seed cotton.
(Pub. L. 113–79, title I, § 1202, Feb. 7, 2014, 128
Stat. 675; Pub. L. 115–123, div. F, § 60101(a)(9),
Feb. 9, 2018, 132 Stat. 310; Pub. L. 115–334, title I,
§ 1202(a), Dec. 20, 2018, 132 Stat. 4509.)
Editorial Notes
CODIFICATION
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 com-
modity, see section 102(c)(1) of Pub. L. 118–22, set out in
an Extension of Agricultural Programs note under sec-
tion 9001 of this title.
AMENDMENTS
2018—Subsec. (a). Pub. L. 115–334, § 1202(a)(1), sub-
stituted ‘‘2014 through 2018 crop years’’ for ‘‘In general’’
in heading.
Subsec. (b). Pub. L. 115–334, § 1202(a)(3), added subsec.
(b). Former subsec. (b) redesignated (c).
Subsec. (c). Pub. L. 115–334, § 1202(a)(2), (4), redesig-
nated subsec. (b) as (c) and substituted ‘‘subsections
(a)(11) and (b)(11)’’ for ‘‘subsection (a)(11)’’. Former sub-
sec. (c) redesignated (d).
Pub. L. 115–123 added subsec. (c).
Subsec. (d). Pub. L. 115–334, § 1202(a)(2), redesignated
subsec. (c) as (d).
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF 2018 AMENDMENT
Amendment by Pub. L. 115–123 applicable beginning
with the 2018 crop year, see section 60101(a)(13) of Pub.
L. 115–123, set out as a note under section 9011 of this
title.
§ 9033. Term of loans
(a) Term
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