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LegalText 7 U.S.C. § 7231 Availability of nonrecourse marketing assistance loans us united_states_code code_section 7 AGRICULTURE 100 AGRICULTURAL MARKET TRANSITION 7231 7 U.S.C. § 7231 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/s7231 data/legal/raw/us/code/title-07/usc07.xml 4da583c8845bce720c7f5e77eaa68f44c2c9650d69227d0573c51519c19b28d0 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 f3244a91cc7f04d8145695ba31c2217cebb1e1667670caf545b3d0ef51fdb2c1 2026-07-04 official
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7 U.S.C. § 7231 - Availability of nonrecourse marketing assistance loans

Text

(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 section 7232 of this title for the loan commodity.

(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 (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.

(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.

(Pub. L. 104127, title I, § 131, Apr. 4, 1996, 110 Stat. 905.)

Notes

Editorial Notes

References in TextThe Food Security Act of 1985, referred to in subsec. (c), 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.