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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
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Source file: Laws/federal/codes/united-states-code/title-7/section-7931-period-of-effectiveness--4fb09abdf8.md
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Source location: Title 7, Chapter 106, § 7931; chapter-106-commodity-programs.md
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Federal law — U.S. Code and appendices · legal_authorities
**(a) 2002 and 2003 crop years** For purposes of the 2002 and 2003 crop years, the loan rate 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) for a loan commodity shall be equal to the following: (1) In the case of wheat, $2.80 per bushel. (2) In the case of corn, $1.98 per bushel. (3) In the case of grain sorghum, $1.98 per bushel. (4) In the case of barley, $1.88 per bushel. (5) In the case of oats, $1.35 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 hundredweight. (9) In the case of soybeans, $5.00 per bushel. (10) In the case of other oilseeds, $.0960 per pound 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. (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 hundredweight. (16) In the case of lentils, $11.94 per hundredweight. (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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section7931&num=0&edition=prelim) for a loan commodity shall be equal to the following: (1) In the case of wheat, $2.75 per bushel.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 7933
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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. Incoming connection: Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
**(a) General rule** The Secretary shall permit the producers on a farm to repay 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) for a loan commodity (other than upland cotton, rice, extra long staple cotton, and confectionery and each other kind of sunflower seed (other than oil sunflower seed)) at a rate that is the lesser of— (1) the loan rate established for the commodity under [section 7932 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section7932&num=0&edition=prelim), plus interest (determined in accordance with [section 7283 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section7283&num=0&edition=prelim)); or (2) a rate that the Secretary determines will— (A) minimize potential loan forfeitures; (B) minimize the accumulation of stocks of the commodity by the Federal Government; (C) minimize the cost incurred by the Federal Government in storing the commodity; (D) allow the commodity produced in the United States to be marketed freely and competitively, both domestically and internationally; and (E) minimize discrepancies in marketing loan benefits across State boundaries and across county boundaries. **(b) Repayment rates for upland cotton and rice** The Secretary shall permit producers to repay 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) for upland cotton and rice at a rate that is the lesser of— (1) the loan rate established for the commodity under [section 7932 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 7935
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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
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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
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Federal law — U.S. Code and appendices · legal_authorities
Page 2127 TITLE 7—AGRICULTURE § 7932 § 7917. Relation to remaining payment authority under production flexibility contracts (a) Termination of superseded payment author- ity Notwithstanding section 7213(a)(7) of this title or any other provision of law, the Secretary shall not make payments for fiscal year 2002 after May 13, 2002, under a production flexibility contract entered into under section 7211 of this title unless requested by the producer that is a party to the contract. (b) Contract payments made before enactment If a producer receives all or any portion of the payment authorized for fiscal year 2002 under a production flexibility contract, the Secretary shall reduce the amount of the direct payment otherwise due the producer for the 2002 crop year under section 7913 of this title by the amount of the fiscal year 2002 payment received by the pro- ducer under the production flexibility contract. (Pub. L. 107–171, title I, § 1107, May 13, 2002, 116 Stat. 154.) § 7918. Period of effectiveness This subchapter shall be effective beginning with the 2002 crop year of each covered com- modity through the 2007 crop year. (Pub. L. 107–171, title I, § 1108, May 13, 2002, 116 Stat. 155.) SUBCHAPTER II—MARKETING ASSISTANCE LOANS AND LOAN DEFICIENCY PAYMENTS § 7931. Availability of nonrecourse marketing as- sistance loans for loan commodities (a) Nonrecourse loans available (1) Availability For each of the 2002 through 2007 crops of each loan commodity, the Secretary shall make available to producers on a farm non- recourse marketing assistance loans for loan commodities produced on the farm. (2) Terms and conditions The marketing assistance loans shall be made under terms and conditions that are pre- scribed by the Secretary and at the lo
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 7931
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