7-U.S.C.-8731

§8731 – Availability of Nonrecourse Marketing Assistance Loans For Loan Commodities

Pathway

Title 7 > Chapter 113 > Subchapter II > Section 8731

Details

• Reference: Section 8731
• Legend: §8731 – Availability of Nonrecourse Marketing Assistance Loans For Loan Commodities
• USCode Year: 2013

Provision Content

(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 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 et seq.) and applicable wetland protection requirements under subtitle C of title XII of that Act (16 U.S.C. 3821 et seq.) during the term of the loan.

(Pub. L. 110–234, title I, §1201, May 22, 2008, 122 Stat. 953; Pub. L. 110–246, §4(a), title I, §1201, June 18, 2008, 122 Stat. 1664, 1681.)

References in Text

The Food Security Act of 1985, referred to in subsec. (c), is Pub. L. 99–198, Dec. 23, 1985, 99 Stat. 1354. Subtitles B and C of title XII of the Act are classified generally to subchapters II (§3811 et seq.) and III (§3821 et seq.), respectively, of chapter 58 of Title 16, Conservation. For complete classification of this Act to the Code, see Short Title of 1985 Amendment note set out under section 1281 of this title and Tables.

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 L. 110–234 was repealed by section 4(a) of Pub.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.

U.S. Encyclopedia of Law Coverage

7-U.S.C.-8718 in the Legal Encyclopedia: Agriculture

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7-U.S.C.-7914 in the Legal Encyclopedia: Payments

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Title 7 – Agriculture in the Legal Encyclopedia: Marketing

In this entry about Title 7 – Agriculture, find legal reference material, bibliographies and premiere content related to marketing in the American Encyclopedia of Law, presenting a comprehensive view of the United States marketing-specific issues, written by authorities in the field.

7-U.S.C.-7237 in the Legal Encyclopedia: Loans

In this entry about 7-U.S.C.-7237, find legal reference material, bibliographies and premiere content related to loans in the American Encyclopedia of Law, presenting a comprehensive view of the United States loans-specific issues, written by authorities in the field.

Topic Map

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