US Code

Public Law 119-83 (04/13/2026)

7 U.S.C. § 1445k

Payments in commodities

(a)

In-kind payments by Secretary

In making in-kind payments under any of the annual programs for wheat, feed grains, upland cotton, or rice (other than negotiable marketing certificates for upland cotton or rice), the Secretary may—
(1)
section 1445e of this title acquire and use like commodities that have been pledged to the Commodity Credit Corporation as security for price support loans, including loans made to producers under ; and
(2)
use other like commodities owned by the Commodity Credit Corporation.
(b)

Methods of payments

The Secretary may make in-kind payments—
(1)
by delivery of the commodity to the producer at a warehouse or other similar facility, as determined by the Secretary;
(2)
by the transfer of negotiable warehouse receipts;
(3)
by the issuance of negotiable certificates which the Commodity Credit Corporation shall redeem for a commodity in accordance with regulations prescribed by the Secretary; or
(4)
by such other methods as the Secretary determines appropriate to enable the producer to receive payments in an efficient, equitable, and expeditious manner so as to ensure that the producer receives the same total return as if the payments had been made in cash.
(c)

Commodity certificates

The Secretary shall pay interest on the cash redemption of a commodity certificate issued by the Secretary to a producer who holds the certificate for at least 150 days. This subsection shall not apply with respect to commodity certificates issued in connection with the export enhancement program or the marketing promotion program established under the Agricultural Trade Act of 1978.

Oct. 31, 1949, ch. 792 Pub. L. 99–198, title X, § 100599 Stat. 1448 Pub. L. 101–624, title XI104 Stat. 3503 (, title I, § 115, formerly § 107E, as added , , ; renumbered § 115 and amended , §§ 1122(a), 1161(a)(1), , , 3520.)

Editorial Notes

References in Text

Pub. L. 95–50192 Stat. 1685 Pub. L. 101–624, title XV, § 1531104 Stat. 3668 section 5601 of this titleThe Agricultural Trade Act of 1978, referred to in subsec. (c), is , , , as amended generally by , , , which is classified generally to chapter 87 (§ 5601 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under and Tables.

Codification

section 1445b–4 of this titlePub. L. 101–624Section was classified to prior to its renumbering by .

Amendments

Pub. L. 101–624, § 1122(a)1990—Subsec. (c). , added subsec. (c).

Statutory Notes and Related Subsidiaries

Effective Date of 1990 Amendment

Pub. L. 101–624section 1171 of Pub. L. 101–624section 1421 of this titleAmendment by effective beginning with 1991 crop of an agricultural commodity, with provision for prior crops, see , set out as a note under .

Inapplicability of Section

section 9092(b)(7) of this titleSection inapplicable to 2014 through 2018 crops of covered commodities, cotton, and sugar and inapplicable to milk during period beginning , through , see .

section 8782(b)(7) of this titleSection inapplicable to 2008 through 2012 crops of covered commodities, peanuts, and sugar and inapplicable to milk during period beginning , through , see .

section 7992(b)(7) of this titleSection inapplicable to 2002 through 2007 crops of covered commodities, peanuts, and sugar and inapplicable to milk during period beginning , through , see .

section 7301(b)(1)(G) of this titleSection inapplicable to 1996 through 2002 crops of loan commodities, peanuts, and sugar and inapplicable to milk during period beginning , and ending , see .

Redemption of Commodity Certificates

Pub. L. 101–624, title XI, § 1122(b)104 Stat. 3503

“(1)

In general .—

A subsequent holder of a commodity certificate issued by the Commodity Credit Corporation shall be allowed to exchange the expired commodity certificate under the same rules that apply to an original holder of the certificate.
“(2)

Application and redemption limitations .—

This subsection shall only apply during the 180-day period beginning on the date of enactment of this Act []. No person may redeem more than $1,000 worth of certificates under this subsection.
“(3)

Redemption limitations .—

In no event shall a person receive a payment from the Commodity Credit Corporation for a certificate that is redeemed under this subsection in an amount greater than the price paid for the certificate by the person. No expired certificate shall be exchanged under this section if the owner purchased the certificate after .”
, , , provided that: