Title 7 › Chapter CHAPTER 35— - AGRICULTURAL ADJUSTMENT ACT OF 1938 › Subchapter SUBCHAPTER II— - LOANS, PARITY PAYMENTS, CONSUMER SAFEGUARDS, MARKETING QUOTAS, AND MARKETING CERTIFICATES › Part Part A— - Definitions, Loans, Parity Payments, and Consumer Safeguards › § 1310
When the President or another federal official stops commercial exports of certain farm goods because they are in short supply, the Secretary of Agriculture must set the loan level for that commodity under the Agricultural Act of 1949 at 90 percent of the parity price on the day the suspension starts, if a loan program exists for the commodity. The loan level stays in effect as long as the export suspension continues. Covered commodities are wheat, corn, grain sorghum, soybeans, oats, rye, barley, rice, flaxseed, and cotton.
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Agriculture — Source: USLM XML via OLRC
Legislative History
Reference
Citation
7 U.S.C. § 1310
Title 7 — Agriculture
Last Updated
Apr 6, 2026
Release point: 119-73