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Title 7 — AgricultureRelease 119-73

§7931 Availability of nonrecourse marketing assistance loans for loan commodities

Title 7 › Chapter CHAPTER 106— - COMMODITY PROGRAMS › Subchapter SUBCHAPTER II— - MARKETING ASSISTANCE LOANS AND LOAN DEFICIENCY PAYMENTS › § 7931

Last updated Apr 6, 2026|Official source

Summary

The Secretary must offer nonrecourse marketing assistance loans to farmers for crops harvested in 2002 through 2007. Farmers can get these loans for any amount of a loan commodity grown on their farm. The loans follow the Secretary’s rules and use the loan rate set by law. If a farmer’s crop got mixed with others in storage that is not licensed, the Secretary still must make the loan if the farmer agrees to immediately redeem the loan collateral as required by section 166 of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7286). Farmers must follow the conservation and wetland protection rules under the Food Security Act of 1985 (title XII, subtitles B and C) while the loan is in effect. However, no nonrecourse marketing assistance loans are allowed for the 2002 crop under subtitle C of title I of the 1996 Act.

Full Legal Text

Title 7, §7931

Agriculture — Source: USLM XML via OLRC

(a)(1)For each of the 2002 through 2007 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.
(2)The marketing assistance loans shall be made under terms and conditions that are prescribed by the Secretary and at the loan rate established under section 7932 of this title for the loan commodity.
(b)The producers on a farm shall be eligible for a marketing assistance loan under subsection (a) for any quantity of a loan commodity produced on the farm.
(c)In carrying out this subchapter, the Secretary shall make loans to producers on a farm that would be eligible to obtain a marketing assistance loan, but for the fact the loan commodity owned by the producers on the farm commingled with loan commodities of other producers in facilities unlicensed for the storage of agricultural commodities by the Secretary or a State licensing authority, if the producers obtaining the loan agree to immediately redeem the loan collateral in accordance with section 166 of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7286).
(d)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.
(e)Notwithstanding section 131 of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7231), nonrecourse marketing assistance loans shall not be made for the 2002 crop of loan commodities under subtitle C of title I of such Act [7 U.S.C. 7231 et seq.].

Legislative History

Notes & Related Subsidiaries

Editorial Notes

References in Text

This subchapter, referred to in subsec. (c), was in the original “this subtitle”, meaning subtitle B (§§ 1201–1209) of title I of Pub. L. 107–171, May 13, 2002, 116 Stat. 155, which is classified principally to this subchapter. For complete classification of subtitle B to the Code, see Tables. The Food Security Act of 1985, referred to in subsec. (d), is Pub. L. 99–198, 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. The Federal Agriculture Improvement and Reform Act of 1996, referred to in subsec. (e), is Pub. L. 104–127, Apr. 4, 1996, 110 Stat. 888. Subtitle C of title I of the Act is classified generally to subchapter III (§ 7231 et seq.) of chapter 100 of this title. For complete classification of this Act to the Code, see

Short Title

note set out under section 7201 of this title and Tables.

Reference

Citations & Metadata

Citation

7 U.S.C. § 7931

Title 7 — Agriculture

Last Updated

Apr 6, 2026

Release point: 119-73