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7 U.S.C. § 1433c — Advance recourse commodity loans
Federal law — U.S. Code and appendices · legal_authorities
Notwithstanding any other provision of this Act, the Secretary may make advance recourse loans available to producers of the commodities of the 1986 through 1990 crops for which nonrecourse loans are made available under this Act if the Secretary finds that such action is necessary to ensure that adequate operating credit is available to producers. Such recourse loans may be made available under such reasonable terms and conditions as the Secretary may prescribe, except that the Secretary shall require that a producer obtain crop insurance for the crop as a condition of eligibility for a loan.
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Source file: Laws/federal/codes/united-states-code/title-7/section-1433c-advance-recourse-commodity-loans--ccfc80e3a8.md
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Source location: Title 7, Chapter 35A, § 1433c; chapter-35a-price-support-of-agricultural-commodities.md
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Notwithstanding any other provision of this Act, the Secretary may make advance recourse loans available to producers of the commodities of the 1986 through 1990 crops for which nonrecourse loans are made available under this Act if the Secretary finds that such action is necessary to ensure that adequate operating credit is available to producers. Such recourse loans may be made available under such reasonable terms and conditions as the Secretary may prescribe, except that the Secretary shall require that a producer obtain crop insurance for the crop as a condition of eligibility for a loan.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Source** The Secretary shall provide the price support authorized or required herein through the Commodity Credit Corporation and other means available to him.
**(b) Authority of Secretary; factors considered** Except as otherwise provided in this Act, the amounts, terms, and conditions of price support operations and the extent to which such operations are carried out, shall be determined or approved by the Secretary. The following factors shall be taken into consideration in determining, in the case of any commodity for which price support is discretionary, whether a price-support operation shall be undertaken and the level of such support and, in the case of any commodity for which price support is mandatory, the level of support in excess of the minimum level prescribed for such commodity: (1) the supply of the commodity in relation to the demand therefor, (2) the price levels at which other commodities are being supported and, in the case of feed grains, the feed values of such grains in relation to corn, (3) the availability of funds, (4) the perishability of the commodity, (5) the importance of the commodity to agriculture and the national economy, (6) the ability to dispose of stocks acquired through a price-support operation, (7) the need for offsetting temporary losses of export markets, (8) the ability and willingness of producers to keep supplies in line with demand and (9), in the case of upland cotton, changes in the cost of producing such cotton.
**(c) Compliance by producer; program for diverted acres** Compliance by the producer with acreage allotments, production goals and marketing practices (including marketing quotas when authorized by law), prescribed by the Secretary, may be required as a condition of eligibility for price support. In admi
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1421
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Availability; due date; procedures for repayment; applicability; security; limitation** It is the sense of Congress that the Secretary of Agriculture carry out a program authorized by section 424 of the Agricultural Act of 1949 [[7 U.S.C. 1433c](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1433c&num=0&edition=prelim)]. Such program, if implemented, shall provide for the following:
(1) Advance recourse loans shall be made available only to those producers of a commodity who are unable to obtain sufficient credit elsewhere to finance the production of the 1986 crop of that commodity, taking into consideration prevailing private and cooperative rates and terms for loans for similar purposes (as determined by the Secretary) in the community in or near which the applicant resides. A producer who has received a commitment or been furnished sufficient credit or a loan for production of the 1986 crop of a commodity shall not be eligible for an advance recourse loan to finance the production of that commodity for such crop year.
(2) Advance recourse loans shall be made available to producers of a commodity at the applicable nonrecourse loan rate for the commodity (as determined by the Secretary). Within the limits set out in paragraphs (5) and (7), advance recourse loans shall be available—
(A) to producers of wheat, feed grains, cotton, and rice who agree to participate in the program announced for the commodity on an amount of the commodity equal to one-half of the farm program yield for the commodity multiplied by the farm program acreage intended to be planted to the commodity for harvest in 1986, as determined by the Secretary;
(B) to producers of peanuts who are on a farm for which a marketing quota or poundage quota has been est
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1433c–1
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Federal law — U.S. Code and appendices · legal_authorities
Page 732
TITLE 7—AGRICULTURE
§ 1433b
1 So in original. Probably should be followed by a comma.
(Oct. 31, 1949, ch. 792, title IV, § 422, as added
Pub. L. 97–98, title X, § 1002, Dec. 22, 1981, 95 Stat.
1260.)
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE
Section effective Dec. 22, 1981, see section 1801 of Pub.
L. 97–98, set out as a note under section 4301 of this
title.
INAPPLICABILITY OF SECTION
Section inapplicable to 2014 through 2018 crops of cov-
ered commodities, cotton, and sugar and inapplicable
to milk during period beginning Feb. 7, 2014, through
Dec. 31, 2018, see section 9092(b)(10) of this title.
Section inapplicable to 2008 through 2012 crops of cov-
ered commodities, peanuts, and sugar and inapplicable
to milk during period beginning June 18, 2008, through
Dec. 31, 2012, see section 8782(b)(10) of this title.
Section inapplicable to 2002 through 2007 crops of cov-
ered commodities, peanuts, and sugar and inapplicable
to milk during period beginning May 13, 2002, through
Dec. 31, 2007, see section 7992(b)(10) of this title.
Section inapplicable to 1996 through 2002 crops of loan
commodities, peanuts, and sugar and inapplicable to
milk during period beginning Apr. 4, 1996, and ending
Dec. 31, 2002, see section 7301(b)(1)(J) of this title.
§ 1433b. Processing of surplus agricultural com-
modities into liquid fuels and agricultural
commodity byproducts
(a) Authority of Commodity Credit Corporation;
terms and conditions established by Sec-
retary; fuel prices
Notwithstanding any other provision of law, in
order to prevent the accumulation of excessive
stocks of agricultural commodities through the
price support and stabilization operations of the
Commodity Credit Corporation 1 the Corporation
may, under terms and con
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 1433c
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