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Raw OLRC USLM XML zips @ release 119-100 (retrieved 2026-07-04 via Atlas depot), ingested with the standard pipeline: raw snapshot -> per-section OKF markdown -> manifest + checksums. Title 52 untouched. LegalText: 171 -> 11,221. Titles 12-54 await a clean OLRC retry. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
78 lines
4.4 KiB
Markdown
78 lines
4.4 KiB
Markdown
---
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type: "LegalText"
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title: "7 U.S.C. § 8735"
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description: "Loan deficiency payments"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 7
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title_name: "AGRICULTURE"
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chapter_number: "113"
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chapter_name: "AGRICULTURAL COMMODITY SUPPORT PROGRAMS"
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section: "8735"
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citation: "7 U.S.C. § 8735"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc07@119-100.zip"
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source_identifier: "/us/usc/t7/s8735"
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source_file: "data/legal/raw/us/code/title-07/usc07.xml"
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source_hash: "36395404b8004c6ccd7680ca30bbb0863b22b99fe4fd6f39545e9696097f0fb9"
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raw_snapshot_hash: "50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984"
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text_hash: "9228052a9cd7cd61c118f73ac36fd62608d79effb92abfda1ed864b121db5e40"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 7 U.S.C. § 8735 - Loan deficiency payments
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## Text
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(a) Availability of loan deficiency payments (1) In general Except as provided in subsection (d), the Secretary may make loan deficiency payments available to producers on a farm that, although eligible to obtain a marketing assistance loan under section 8731 of this title with respect to a loan commodity, agree to forgo obtaining the loan for the commodity in return for loan deficiency payments under this section.
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(2) Unshorn pelts, hay, and silage (A) Marketing assistance loans Subject to subparagraph (B), nongraded wool in the form of unshorn pelts and hay and silage derived from a loan commodity are not eligible for a marketing assistance loan under section 8731 of this title.
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(B) Loan deficiency payment Effective for the 2008 through 2012 crop years, the Secretary may make loan deficiency payments available under this section to producers on a farm that produce unshorn pelts or hay and silage derived from a loan commodity.
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(b) Computation A loan deficiency payment for a loan commodity or commodity referred to in subsection (a)(2) shall be computed by multiplying—
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(1) the payment rate determined under subsection (c) for the commodity; by
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(2) the quantity of the commodity produced by the eligible producers, excluding any quantity for which the producers obtain a marketing assistance loan under section 8731 of this title.
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(c) Payment rate (1) In general In the case of a loan commodity, the payment rate shall be the amount by which—
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(A) the loan rate established under section 8732 of this title for the loan commodity; exceeds
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(B) the rate at which a marketing assistance loan for the loan commodity may be repaid under section 8734 of this title.
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(2) Unshorn pelts In the case of unshorn pelts, the payment rate shall be the amount by which—
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(A) the loan rate established under section 8732 of this title for ungraded wool; exceeds
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(B) the rate at which a marketing assistance loan for ungraded wool may be repaid under section 8734 of this title.
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(3) Hay and silage In the case of hay or silage derived from a loan commodity, the payment rate shall be the amount by which—
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(A) the loan rate established under section 8732 of this title for the loan commodity from which the hay or silage is derived; exceeds
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(B) the rate at which a marketing assistance loan for the loan commodity may be repaid under section 8734 of this title.
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(d) Exception for extra long staple cotton This section shall not apply with respect to extra long staple cotton.
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(e) Effective date for payment rate determination The Secretary shall determine the amount of the loan deficiency payment to be made under this section to the producers on a farm with respect to a quantity of a loan commodity or commodity referred to in subsection (a)(2) using the payment rate in effect under subsection (c) as of the date the producers request the payment.
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(Pub. L. 110–234, title I, § 1205, May 22, 2008, 122 Stat. 958; Pub. L. 110–246, § 4(a), title I, § 1205, June 18, 2008, 122 Stat. 1664, 1686.)
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## Notes
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Editorial Notes
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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.
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Statutory Notes and Related Subsidiaries
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Effective DateEnactment of this section and repeal of Pub. L. 110–234 by Pub. L. 110–246 effective May 22, 2008, the date of enactment of Pub. L. 110–234, see section 4 of Pub. L. 110–246, set out as a note under section 8701 of this title.
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