Browse Arkansas Code titles and sections
7 U.S.C. § 7934 — Term of loans
Federal law — U.S. Code and appendices · legal_authorities
**(a) Term of loan** In the case of each loan commodity, a marketing assistance loan under [section 7931 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section7931&num=0&edition=prelim) shall have a term of 9 months beginning on the first day of the first month after the month in which the loan is made.
**(b) Extensions prohibited** The Secretary may not extend the term of a marketing assistance loan for any loan commodity.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 7934
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: 7acd0bd13289901f84645c5d5f829f37e85d4223f3f31d34fc9c88f7ab1491d6. 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_e6bf2cea8efa96aa37331506
Source file: Laws/federal/codes/united-states-code/title-7/section-7934-term-of-loans--c9194cd6ed.md
Pages: Not recorded – Not recorded
Passage SHA-256: 36eac8427861450a9c44a017bf7387388f469d327062dc6e315a7efa418d74c0
Source location: Title 7, Chapter 106, § 7934; chapter-106-commodity-programs.md
Stored source content
**(a) Term of loan** In the case of each loan commodity, a marketing assistance loan under [section 7931 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section7931&num=0&edition=prelim) shall have a term of 9 months beginning on the first day of the first month after the month in which the loan is made.
**(b) Extensions prohibited** The Secretary may not extend the term of a marketing assistance loan for any loan commodity.
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
This subchapter shall be effective beginning with the 2002 crop year of each covered commodity through the 2007 crop year.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 7931
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) Availability of loan deficiency payments**
(1) **In general** — Except as provided in subsection (d), the Secretary may make loan deficiency payments available to producers on a farm that, although eligible to obtain a marketing assistance loan under [section 7931 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section7931&num=0&edition=prelim) with respect to a loan commodity, agree to forgo obtaining the loan for the commodity in return for loan deficiency payments under this section.
(2) **Unshorn pelts, hay, and silage** — Nongraded wool in the form of unshorn pelts and hay and silage derived from a loan commodity are not eligible for a marketing assistance loan under [section 7931 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section7931&num=0&edition=prelim). However, effective for the 2002 through 2007 crop years, the Secretary may make loan deficiency payments available under this section to producers on a farm that produce unshorn pelts or hay and silage derived from a loan commodity.
**(b) Computation** A loan deficiency payment for a loan commodity or commodity referred to in subsection (a)(2) shall be computed by multiplying—
(1) the payment rate determined under subsection (c) for the commodity; by
(2) the quantity of the commodity produced by the eligible producers, excluding any quantity for which the producers obtain a marketing assistance loan under [section 7931 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section7931&num=0&edition=prelim).
**(c) Payment rate**
(1) **In general** — In the case of a loan commodity, the payment rate shall be the amount by which—
(A) the loan rate established under [section 7932 of this title](http
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 7936
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 2128
TITLE 7—AGRICULTURE
§ 7933
(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 Sec-
retary.
(11) In the case of graded wool, $1.00 per
pound.
(12) In the case of nongraded wool, $0.40 per
pound.
(13) In the case of mohair, $4.20 per pound.
(14) In the case of honey, $0.60 per pound.
(15) In the case of dry peas, $6.33 per hun-
dredweight.
(16) In the case of lentils, $11.94 per hundred-
weight.
(17) In the case of small chickpeas, $7.56 per
hundredweight.
(b) 2004 through 2007 crop years
For purposes of the 2004 through 2007 crop
years, the loan rate for a marketing assistance
loan under section 7931 of this title for a loan
commodity shall be equal to the following:
(1) In the case of wheat, $2.75 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, $1.85 per bushel.
(5) In the case of oats, $1.33 per bushel.
(6) In the case of upland cotton, $0.52 per
pound.
(7) In the case of extra long staple cotton,
$0.7977 per pound.
(8) In the case of rice, $6.50 per hundred-
weight.
(9) In the case of soybeans, $5.00 per bushel.
(10) In the case of other oilseeds, $.0930 per
pound for each of the following kinds of oil-
seeds:
(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 Sec-
retary.
(11) In the case of graded wool, $1.00 per
pound.
(12) In the case of nongraded wool, $0.40 per
pound.
(13) In the case of mohair, $4.20 per pound.
(14) In the case of honey, $0.60 per pound.
(15) In the case of dry peas, $6.22 per hun-
dredwe
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 7934
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.