Adjustment authority
The Secretary may make appropriate adjustments in the loan rates for any commodity for differences in grade, type, quality, location, and other factors.
Manner of adjustment
7 U.S.C. 7901The adjustments under the authority of this section shall, to the maximum extent practicable, be made in such manner that the average loan level for the commodity will, on the basis of the anticipated incidence of the factors, be equal to the level of support determined as provided in this chapter and title I of the Farm Security and Rural Investment Act of 2002 [ et seq.].
Adjustment on county basis
The Secretary may establish loan rates for a crop for producers in individual counties in a manner that results in the lowest such rate being 95 percent of the national average loan rate, except that such action shall not result in an increase in outlays. Adjustments under this subsection shall not result in an increase in the national average loan rate for any year.
Pub. L. 104–127, title I, § 162110 Stat. 935Pub. L. 107–171, title I, § 1606116 Stat. 218(, , ; , , .)
Editorial Notes
References in Text
section 7201 of this titleFor definition of “this chapter”, referred to in subsec. (b), see note set out under .
Pub. L. 107–171116 Stat. 134section 7901 of this titleThe Farm Security and Rural Investment Act of 2002, referred to in subsec. (b), is , , . Title I of the Act is classified principally to chapter 106 (§ 7901 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note under and Tables.
Amendments
Pub. L. 107–1712002—Subsec. (b). substituted “this chapter and title I of the Farm Security and Rural Investment Act of 2002” for “this chapter”.