§7287 — Title 7 Agriculture | U.S. Code

Summary

Starting with the 2025 crop year and every crop year after, the Commodity Credit Corporation must set minimum monthly storage rates for forfeited sugar at no less than 34 cents per hundredweight per month for refined sugar and 27 cents per hundredweight per month for raw cane sugar. For the 2012 through 2024 crop years, the Corporation must set storage rates the same way it did the day before this rule was enacted.

Title 7, §7287

Agriculture — Source: USLM XML via OLRC

(a)For the 2025 crop year and each subsequent crop year, the Commodity Credit Corporation shall establish rates for the storage of forfeited sugar in an amount that is not less than—

(1)in the case of refined sugar, 34 cents per hundredweight per month; and

(2)in the case of raw cane sugar, 27 cents per hundredweight per month.

(b)For each of the 2012 through 2024 crop years, the Commodity Credit Corporation shall establish rates for the storage of forfeited sugar in the same manner as was used on the day before the date of enactment of this section.

Notes & Related Subsidiaries

Editorial Notes

References in Text

The date of enactment of this section, referred to in subsec. (b), is the date of enactment of Pub. L. 110–246, which was approved June 18, 2008. Codification Pub. L. 110–234 and Pub. L. 110–246 enacted identical sections. Pub. L. 110–234 was repealed by section 4(a) of Pub. L. 110–246. section 1405 of Pub. L. 110–246, which directed that this section be added at the end of subtitle E of the Federal Agriculture Improvement and Reform Act of 1996, was executed by adding this section at the end of subtitle E of title I of that Act, to reflect the probable intent of Congress.

Amendments

2025—Subsec. (a). Pub. L. 119–21, § 10312(b)(1), added subsec. (a) and struck out former subsec. (a) which related to rates for the storage of forfeited sugar for 2008 to 2011 crop years. Subsec. (b). Pub. L. 119–21, § 10312(b)(2), substituted “Prior” for “Subsequent” in heading and “through 2024” for “and subsequent” in text.

Statutory Notes and Related Subsidiaries

Effective Date

Enactment of this section and repeal of Pub. L. 110–234 by Pub. L. 110–246 effective May 22, 2008, the date of enactment of Pub. L. 110–234, see section 4 of Pub. L. 110–246, set out as a note under section 8701 of this title.

§7287 Commodity Credit Corporation Storage Payments