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LegalText 7 U.S.C. § 7931 Availability of nonrecourse marketing assistance loans for loan commodities us united_states_code code_section 7 AGRICULTURE 106 COMMODITY PROGRAMS 7931 7 U.S.C. § 7931 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc07@119-100.zip /us/usc/t7/s7931 data/legal/raw/us/code/title-07/usc07.xml 1364b96359718db3e893aec21e81cd6bf4982792e2405eacb117d46dc62ef732 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 4052cb4f912436346af04bda9d0d878c1bc4a5bc6ed4a5608dcea8f94aea30c1 2026-07-04 official
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7 U.S.C. § 7931 - Availability of nonrecourse marketing assistance loans for loan commodities

Text

(a) Nonrecourse loans available (1) Availability For each of the 2002 through 2007 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 7932 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) Treatment of certain commingled commodities In carrying out this subchapter, the Secretary shall make loans to producers on a farm that would be eligible to obtain a marketing assistance loan, but for the fact the loan commodity owned by the producers on the farm commingled with loan commodities of other producers in facilities unlicensed for the storage of agricultural commodities by the Secretary or a State licensing authority, if the producers obtaining the loan agree to immediately redeem the loan collateral in accordance with section 166 of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7286).

(d) 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 the Act (16 U.S.C. 3821 et seq.) during the term of the loan.

(e) Termination of superseded loan authority Notwithstanding section 131 of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7231), nonrecourse marketing assistance loans shall not be made for the 2002 crop of loan commodities under subtitle C of title I of such Act [7 U.S.C. 7231 et seq.].

(Pub. L. 107171, title I, § 1201, May 13, 2002, 116 Stat. 155.)

Notes

Editorial Notes

References in TextThis subchapter, referred to in subsec. (c), was in the original “this subtitle”, meaning subtitle B (§§ 12011209) of title I of Pub. L. 107171, May 13, 2002, 116 Stat. 155, which is classified principally to this subchapter. For complete classification of subtitle B to the Code, see Tables. The Food Security Act of 1985, referred to in subsec. (d), is Pub. L. 99198, 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. The Federal Agriculture Improvement and Reform Act of 1996, referred to in subsec. (e), is Pub. L. 104127, Apr. 4, 1996, 110 Stat. 888. Subtitle C of title I of the Act is classified generally to subchapter III (§ 7231 et seq.) of chapter 100 of this title. For complete classification of this Act to the Code, see Short Title note set out under section 7201 of this title and Tables.