Browse Arkansas Code titles and sections
7 U.S.C. § 8733 — Term of loans
Federal law — U.S. Code and appendices · legal_authorities
Page 2229
TITLE 7—AGRICULTURE
§ 8734
(E) Flaxseed.
(F) Mustard seed.
(G) Crambe.
(H) Sesame seed.
(I) Other oilseeds designated by the Sec-
retary.
(12) In the case of dry peas, $5.40 per hun-
dredweight.
(13) In the case of lentils, $11.28 per hundred-
weight.
(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, $1.00 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, $0.60 per pound.
(c) 2010 through 2012 crop years
Except as provided in section 8715 1 of this
title, for purposes of each of the 2010 through
2012 crop years, the loan rate for a marketing as-
sistance loan under section 8731 of this title for
a loan commodity shall be equal to the fol-
lowing:
(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 cot-
ton, $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 Sec-
retary.
(12) In the case of dry peas, $5.40 per hun-
dredweight.
(13) In the case of lentils
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Page 2229
TITLE 7—AGRICULTURE
§ 8734
(E) Flaxseed.
(F) Mustard seed.
(G) Crambe.
(H) Sesame seed.
(I) Other oilseeds designated by the Sec-
retary.
(12) In the case of dry peas, $5.40 per hun-
dredweight.
(13) In the case of lentils, $11.28 per hundred-
weight.
(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, $1.00 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, $0.60 per pound.
(c) 2010 through 2012 crop years
Except as provided in section 8715 1 of this
title, for purposes of each of the 2010 through
2012 crop years, the loan rate for a marketing as-
sistance loan under section 8731 of this title for
a loan commodity shall be equal to the fol-
lowing:
(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 cot-
ton, $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 Sec-
retary.
(12) In the case of dry peas, $5.40 per hun-
dredweight.
(13) In the case of lentils, $11.28 per hundred-
weight.
(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.
(d) Single county loan rate for other oilseeds
The Secretary shall establish a single loan
rate in each county for each kind of other oil-
seeds described in subsections (a)(11), (b)(11), and
(c)(11).
(Pub. L. 110–234, title I, § 1202, May 22, 2008, 122
Stat. 954; Pub. L. 110–246, § 4(a), title I, § 1202,
June 18, 2008, 122 Stat. 1664, 1682.)
Editorial Notes
REFERENCES IN TEXT
Section 8715 of this title, referred to in subsecs. (b)
and (c), was repealed by Pub. L. 113–79, title I, § 1103(a),
Feb. 7, 2014, 128 Stat. 658.
CODIFICATION
Pub. L. 110–234 and Pub. L. 110–246 enacted identical
sections. Pub. L. 110–234 was repealed by section 4(a) of
Pub. L. 110–246.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE
Enactment of this section and repeal of Pub. L.
110–234 by Pub. L. 110–246 effective May 22, 2008, the
date of enactment of Pub. L. 110–234, see section 4 of
Pub. L. 110–246, set out as a note under section 8701 of
this title.
§ 8733. Term of loans
(a) Term of loan
In the case of each loan commodity, a mar-
keting assistance loan under section 8731 of this
title 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 com-
modity.
(Pub. L. 110–234, title I, § 1203, May 22, 2008, 122
Stat. 956; Pub. L. 110–246, § 4(a), title I, § 1203,
June 18, 2008, 122 Stat. 1664, 1684.)
Editorial Notes
CODIFICATION
Pub. L. 110–234 and Pub. L. 110–246 enacted identical
sections. Pub. L. 110–234 was repealed by section 4(a) of
Pub. L. 110–246.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE
Enactment of this section and repeal of Pub. L.
110–234 by Pub. L. 110–246 effective May 22, 2008, the
date of enactment of Pub. L. 110–234, see section 4 of
Pub. L. 110–246, set out as a note under section 8701 of
this title.
§ 8734. Repayment of loans
(a) General rule
The Secretary shall permit the producers on a
farm to repay a marketing assistance loan under
section 8731 of this title for a loan commodity
(other than upland cotton, long grain rice, me-
dium grain 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—
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Nonrecourse loans available**
(1) **Availability** — For each of the 2008 through 2012 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.
(2) **Terms and conditions** — The marketing assistance loans shall be made under terms and conditions that are prescribed by the Secretary and at the loan rate established under [section 8732 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section8732&num=0&edition=prelim) for the loan commodity.
**(b) Eligible production** The producers on a farm shall be eligible for a marketing assistance loan under subsection (a) for any quantity of a loan commodity produced on the farm.
**(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 that 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.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 8733
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