§ 7932.
(a)
2002 and 2003 crop years
For purposes of the 2002 and 2003 crop years, the loan rate for a marketing assistance loan under
section 7931 of this title for a loan commodity shall be equal to the following:
(1)
In the case of wheat, $2.80 per bushel.
(2)
In the case of corn, $1.98 per bushel.
(3)
In the case of grain sorghum, $1.98 per bushel.
(4)
In the case of barley, $1.88 per bushel.
(5)
In the case of oats, $1.35 per bushel.
(6)
In the case of upland cotton, $0.52 per pound.
(7)
In the case of extra long staple cotton, $0.7977 per pound.
(8)
In the case of rice, $6.50 per hundredweight.
(9)
In the case of soybeans, $5.00 per bushel.
(10)
In the case of other oilseeds, $.0960 per pound for each of the following kinds of oilseeds:
(I)
Other oilseeds designated by the Secretary.
(11)
In the case of graded wool, $1.00 per pound.
(12)
In the case of nongraded wool, $0.40 per pound.
(13)
In the case of mohair, $4.20 per pound.
(14)
In the case of honey, $0.60 per pound.
(15)
In the case of dry peas, $6.33 per hundredweight.
(16)
In the case of lentils, $11.94 per hundredweight.
(17)
In the case of small chickpeas, $7.56 per hundredweight.
(b)
2004 through 2007 crop years
For purposes of the 2004 through 2007 crop years, the loan rate for a marketing assistance loan under
section 7931 of this title for a loan commodity shall be equal to the following:
(1)
In the case of wheat, $2.75 per bushel.
(2)
In the case of corn, $1.95 per bushel.
(3)
In the case of grain sorghum, $1.95 per bushel.
(4)
In the case of barley, $1.85 per bushel.
(5)
In the case of oats, $1.33 per bushel.
(6)
In the case of upland cotton, $0.52 per pound.
(7)
In the case of extra long staple cotton, $0.7977 per pound.
(8)
In the case of rice, $6.50 per hundredweight.
(9)
In the case of soybeans, $5.00 per bushel.
(10)
In the case of other oilseeds, $.0930 per pound for each of the following kinds of oilseeds:
(I)
Other oilseeds designated by the Secretary.
(11)
In the case of graded wool, $1.00 per pound.
(12)
In the case of nongraded wool, $0.40 per pound.
(13)
In the case of mohair, $4.20 per pound.
(14)
In the case of honey, $0.60 per pound.
(15)
In the case of dry peas, $6.22 per hundredweight.
(16)
In the case of lentils, $11.72 per hundredweight.
(17)
In the case of small chickpeas, $7.43 per hundredweight.
(d)
Quality grades for dry peas, lentils, and small chickpeas
The loan rate for dry peas, lentils, and small chickpeas shall be based on—
(1)
in the case of dry peas, United States feed peas;
(2)
in the case of lentils, United States number 3 lentils; and
(3)
in the case of small chickpeas, United States number 3 small chickpeas that drop below a 20/64 screen.
([Pub. L. 107–171, title I, § 1202], May 13, 2002, [116 Stat. 155]; [Pub. L. 108–7, div. A, title VII, § 763(b)], Feb. 20, 2003, [117 Stat. 46].)