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U.S. Code/Title 7/§ 7231

Title 7

7

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7 U.S.C. § 7231.Chapter 100

§ 7231

Availability of nonrecourse marketing assistance loans

Title 7
2 min read
Subchapter: NONRECOURSE MARKETING ASSISTANCE LOANS AND LOAN DEFICIENCY PAYMENTS

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((a)) ** Nonrecourse loans available** For each of the 1996 through 2002 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. The loans shall be made under terms and conditions that are prescribed by the Secretary and at the loan rate established under for the loan commodity.section 7232 of this title

((b)) ** Eligible production** The following production shall be eligible for a marketing assistance loan under subsection (a):

((1)) In the case of a marketing assistance loan for a contract commodity, any production by a producer on a farm containing eligible cropland covered by a production flexibility contract.

((2)) In the case of a marketing assistance loan for extra long staple cotton and oilseeds, any production.

((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 ( et seq.) and applicable wetland protection requirements under subtitle C of title XII of the Act ( et seq.) during the term of the loan.16 U.S.C. 381116 U.S.C. 3821

((d)) ** Additional outlays prohibited** The Secretary shall carry out this subchapter in such a manner that there are no additional outlays under this subchapter as a result of the reconstitution of a farm that occurs as a result of the combination of another farm that does not contain eligible cropland covered by a production flexibility contract.

§ 7218

Release: pl-119-103 (2026-09-02)

§ 7232

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