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CCC will make recourse MALs available to eligible producers of high moisture corn, high moisture grain sorghum and other eligible loan commodities as determined by the Deputy Administrator, Farm Programs.
(b) Repayment is required to be paid in full at principal plus interest on or before the loan maturity date.
(c) Recourse MAL collateral may not be delivered or forfeited to CCC in satisfaction of the loan indebtedness.
This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.
This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].
It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.
§ 7231 - Availability of nonrecourse marketing assistance loans
§ 7232 - Loan rates for marketing assistance loans
§ 7233 - Term of loans
§ 7234 - Repayment of loans
§ 7235 - Loan deficiency payments
§ 7236 - Special marketing loan provisions for upland cotton
§ 7236a - Special competitive provisions for extra long staple cotton
§ 7237 - Availability of recourse loans for high moisture feed grains and seed cotton and other fibers
§ 7931 - Availability of nonrecourse marketing assistance loans for loan commodities
§ 7932 - Loan rates for nonrecourse marketing assistance loans
§ 7933 - Term of loans
§ 7934 - Repayment of loans
§ 7935 - Loan deficiency payments
§ 7936 - Payments in lieu of loan deficiency payments for grazed acreage
§ 714b - General powers of Corporation
§ 714c - Specific powers of Corporation
Title 7 published on 2015-01-01
The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 7 CFR Part 1421 after this date.
The Farm Service Agency (FSA) is revising regulations on behalf of the Commodity Credit Corporation (CCC) as required by the Agricultural Act of 2014 (2014 Farm Bill) to update the Marketing Assistance Loan (MAL) and Loan Deficiency Payments (LDP) Programs for wheat, feed grains, soybeans, oilseeds, peanuts, pulse crops, cotton, honey, wool and mohair. In general, the 2014 Farm Bill extends the existing programs with the minor changes that are implemented in this rule, including a revised formula for upland cotton loan rates. This rule also amends the regulations for the Economic Adjustment Assistance for Users of Upland Cotton Program, the Extra Long Staple (ELS) Cotton Competitiveness Payment Program, and the Sugar Program to reflect that the programs were extended by the 2014 Farm Bill. Most of the provisions in this rule have already been implemented, beginning with the 2014 crop year.