US Code

Public Law 119-73 (01/23/2026)

7 U.S.C. § 7231

Availability of nonrecourse marketing assistance loans

(a)

Nonrecourse loans available

section 7232 of this titleFor 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.

(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

16 U.S.C. 381116 U.S.C. 3821As 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.

(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. 104–127, title I, § 131110 Stat. 905(, , .)

Editorial Notes

References in Text

Pub. L. 99–19899 Stat. 1354section 1281 of this titleThe Food Security Act of 1985, referred to in subsec. (c), is , , . 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 and Tables.