7 U.S. Code § 9032 - Loan rates for nonrecourse marketing assistance loans
Loan rates for nonrecourse marketing assistance loans
(a) In generalFor 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:
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.
In the case of extra long staple cotton, $0.7977 per pound.
In the case of medium grain rice, $6.50 per hundredweight.
(11) In the case of other oilseeds, $10.09 per hundredweight for each of the following kinds of oilseeds:
Other oilseeds designated by the Secretary.
(b) Single county loan rate for other oilseeds
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