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 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:
(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) 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 subsection (a)(11).
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.