**(a) Nonrecourse loans available**
(1) **Availability** — For each of the 2008 through 2012 crops of peanuts, the Secretary shall make available to producers on a farm nonrecourse marketing assistance loans for peanuts produced on the farm.
(2) **Terms and conditions** — The loans shall be made under terms and conditions that are prescribed by the Secretary and at the loan rate established under subsection (b).
(3) **Eligible production** — The producers on a farm shall be eligible for a marketing assistance loan under this subsection for any quantity of peanuts produced on the farm.
(4) **Options for obtaining loan** — A marketing assistance loan under this subsection, and loan deficiency payments under subsection (e), may be obtained at the option of the producers on a farm through—
(A) a designated marketing association or marketing cooperative of producers that is approved by the Secretary; or
(B) the Farm Service Agency.
(5) **Storage of loan peanuts** — As a condition on the Secretary’s approval of an individual or entity to provide storage for peanuts for which a marketing assistance loan is made under this section, the individual or entity shall agree—
(A) to provide such storage on a nondiscriminatory basis; and
(B) to comply with such additional requirements as the Secretary considers appropriate to accomplish the purposes of this section and promote fairness in the administration of the benefits of this section.
(6) **Storage, handling, and associated costs**
(A) *In general* — Beginning with the 2008 crop of peanuts, to ensure proper storage of peanuts for which a loan is made under this section, the Secretary shall pay handling and other associated costs (other than storage costs) incurred at the time at which the peanuts are placed un
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Source location: Title 7, Chapter 113, § 8771; chapter-113-agricultural-commodity-support-programs.md
Stored source content
**(a) Nonrecourse loans available**
(1) **Availability** — For each of the 2008 through 2012 crops of peanuts, the Secretary shall make available to producers on a farm nonrecourse marketing assistance loans for peanuts produced on the farm.
(2) **Terms and conditions** — The loans shall be made under terms and conditions that are prescribed by the Secretary and at the loan rate established under subsection (b).
(3) **Eligible production** — The producers on a farm shall be eligible for a marketing assistance loan under this subsection for any quantity of peanuts produced on the farm.
(4) **Options for obtaining loan** — A marketing assistance loan under this subsection, and loan deficiency payments under subsection (e), may be obtained at the option of the producers on a farm through—
(A) a designated marketing association or marketing cooperative of producers that is approved by the Secretary; or
(B) the Farm Service Agency.
(5) **Storage of loan peanuts** — As a condition on the Secretary’s approval of an individual or entity to provide storage for peanuts for which a marketing assistance loan is made under this section, the individual or entity shall agree—
(A) to provide such storage on a nondiscriminatory basis; and
(B) to comply with such additional requirements as the Secretary considers appropriate to accomplish the purposes of this section and promote fairness in the administration of the benefits of this section.
(6) **Storage, handling, and associated costs**
(A) *In general* — Beginning with the 2008 crop of peanuts, to ensure proper storage of peanuts for which a loan is made under this section, the Secretary shall pay handling and other associated costs (other than storage costs) incurred at the time at which the peanuts are placed under loan, as determined by the Secretary.
(B) *Redemption and forfeiture* — The Secretary shall—
(i) require the repayment of handling and other associated costs paid under subparagraph (A) for all peanuts pledged as collateral for a loan that is redeemed under this section; and
(ii) pay storage, handling, and other associated costs for all peanuts pledged as collateral that are forfeited under this section.
(7) **Marketing** — A marketing association or cooperative may market peanuts for which a loan is made under this section in any manner that conforms to consumer needs, including the separation of peanuts by type and quality.
**(b) Loan rate** Except as provided in section 8715 11 See References in Text note below. of this title, the loan rate for a marketing assistance loan for peanuts under subsection (a) shall be equal to $355 per ton.
**(c) Term of loan**
(1) **In general** — A marketing assistance loan for peanuts under subsection (a) shall have a term of 9 months beginning on the first day of the first month after the month in which the loan is made.
(2) **Extensions prohibited** — The Secretary may not extend the term of a marketing assistance loan for peanuts under subsection (a).
**(d) Repayment rate**
(1) **In general** — The Secretary shall permit producers on a farm to repay a marketing assistance loan for peanuts under subsection (a) at a rate that is the lesser of—
(A) the loan rate established for peanuts under subsection (b), plus interest (determined in accordance with [section 7283 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section7283&num=0&edition=prelim)); or
(B) a rate that the Secretary determines will—
(i) minimize potential loan forfeitures;
(ii) minimize the accumulation of stocks of peanuts by the Federal Government;
(iii) minimize the cost incurred by the Federal Government in storing peanuts; and
(iv) allow peanuts produced in the United States to be marketed freely and competitively, both domestically and internationally.
(2) **Authority to temporarily adjust repayment rates**
(A) *Adjustment authority* — In the event of a severe disruption to marketing, transportation, or related infrastructure, the Secretary may modify the repayment rate otherwise applicable under this subsection for marketing assistance loans for peanuts under subsection (a).
(B) *Duration* — An adjustment made under subparagraph (A) in the repayment rate for marketing assistance loans for peanuts shall be in effect on a short-term and temporary basis, as determined by the Secretary.
**(e) Loan deficiency payments**
(1) **Availability** — The Secretary may make loan deficiency payments available to producers on a farm that, although eligible to obtain a marketing assistance loan for peanuts under subsection (a), agree to forgo obtaining the loan for the peanuts in return for loan deficiency payments under this subsection.
(2) **Computation** — A loan deficiency payment under this subsection shall be computed by multiplying—
(A) the payment rate determined under paragraph (3) for peanuts; by
(B) the quantity of the peanuts produced by the producers, excluding any quantity for which the producers obtain a marketing assistance loan under subsection (a).
(3) **Payment rate** — For purposes of this subsection, the payment rate shall be the amount by which—
(A) the loan rate established under subsection (b); exceeds
(B) the rate at which a loan may be repaid under subsection (d).
(4) **Effective date for payment rate determination** — The Secretary shall determine the amount of the loan deficiency payment to be made under this subsection to the producers on a farm with respect to a quantity of peanuts using the payment rate in effect under paragraph (3) as of the date the producers request the payment.
**(f) Compliance with conservation and wetlands requirements** 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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title16-section3811&num=0&edition=prelim) et seq.) and applicable wetland protection requirements under subtitle C of title XII of that Act ([16 U.S.C. 3821](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title16-section3821&num=0&edition=prelim) et seq.) during the term of the loan.
**(g) Reimbursable agreements and payment of administrative expenses** The Secretary may implement any reimbursable agreements or provide for the payment of administrative expenses under this subchapter only in a manner that is consistent with such activities in regard to other commodities.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** Except as provided in [section 3812 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title16-section3812&num=0&edition=prelim), and notwithstanding any other provision of law, any person who in any crop year produces an agricultural commodity on a field on which highly erodible land is predominant, or designates land on which highly erodible land is predominant to be set aside, diverted, devoted to conservation uses, or otherwise not cultivated under a program administered by the Secretary to reduce production of an agricultural commodity, as determined by the Secretary shall be ineligible for—
(1) as to any commodity produced during that crop year by such person—
(A) contract payments under a production flexibility contract, marketing assistance loans, and any type of price support or payment made available under the Agricultural Market Transition Act [[7 U.S.C. 7201](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section7201&num=0&edition=prelim) et seq.], the Commodity Credit Corporation Charter Act ([15 U.S.C. 714](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section714&num=0&edition=prelim) et seq.), or any other Act;
(B) a farm storage facility loan made under section 4(h) of the Commodity Credit Corporation Charter Act ([15 U.S.C. 714b(h)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section714b/h&num=0&edition=prelim));
(C) a disaster payment;
(D) a loan made, insured, or guaranteed under the Consolidated Farm and Rural Development Act ([7 U.S.C. 1921](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1921&num=0&edition=prelim) et seq.) or any other provision of law administered by the Consolidated Farm Service
Stored review status: release_metadata_unconfirmed. The source passage cites 16 U.S.C. § 3811. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
§ 3811. Program ineligibility
(a) In general
Except as provided in section 3812 of this title,
and notwithstanding any other provision of law,
any person who in any crop year produces an ag-
ricultural commodity on a field on which highly
erodible land is predominant, or designates land
on which highly erodible land is predominant to
be set aside, diverted, devoted to conservation
uses, or otherwise not cultivated under a pro-
gram administered by the Secretary to reduce
production of an agricultural commodity, as de-
termined by the Secretary shall be ineligible
for—
(1) as to any commodity produced during
that crop year by such person—
(A) contract payments under a production
flexibility contract, marketing assistance
loans, and any type of price support or pay-
ment made available under the Agricultural
Market Transition Act [7 U.S.C. 7201 et seq.],
the Commodity Credit Corporation Charter
Act (15 U.S.C. 714 et seq.), or any other Act;
(B) a farm storage facility loan made
under section 4(h) of the Commodity Credit
Corporation Charter Act (15 U.S.C. 714b(h));
(C) a disaster payment;
(D) a loan made, insured, or guaranteed
under the Consolidated Farm and Rural De-
velopment Act (7 U.S.C. 1921 et seq.) or any
other provision of law administered by the
Consolidated Farm Service Agency,1 if the
Secretary determines that the proceeds of
such loan will be used for a purpose that will
contribute to excessive erosion of highly
erodible land; or
(E) any portion of the premium paid by the
Federal Crop Insurance Corporation for a
policy or plan of insurance under the Fed-
eral Crop Insurance Act (7 U.S.C. 1501 et
seq.), on the condition that if a person is de-
termined to have committed a violation
under this subsection during a crop year, in-
Stored review status: historical_2024_not_currentness_verified. The source passage cites 16 U.S.C. § 3811. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Production on converted wetland** Except as provided in this subchapter and notwithstanding any other provision of law, any person who in any crop year produces an agricultural commodity on converted wetland, as determined by the Secretary, shall be—
(1) in violation of this section; and
(2) ineligible for loans or payments in an amount determined by the Secretary to be proportionate to the severity of the violation.
**(b) Ineligibility for certain loans and payments** If a person is determined to have committed a violation under subsection (a) during a crop year, the Secretary shall determine which of, and the amount of, the following loans and payments for which the person shall be ineligible:
(1) Contract payments under a production flexibility contract, marketing assistance loans, and any type of price support or payment made available under the Agricultural Market Transition Act [[7 U.S.C. 7201](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section7201&num=0&edition=prelim) et seq.], the Commodity Credit Corporation Charter Act ([15 U.S.C. 714](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section714&num=0&edition=prelim) et seq.), or any other Act.
(2) A loan made or guaranteed under the Consolidated Farm and Rural Development Act ([7 U.S.C. 1921](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1921&num=0&edition=prelim) et seq.) or any other provision of law administered by the Consolidated Farm Service Agency,11 See Change of Name note below. if the Secretary determines that the proceeds of the loan will be used for a purpose that will contribute to conversion of a wetland (other than as provided in this subchapter) to produce an agricultural commodity.
(3) During the crop year:
Stored review status: release_metadata_unconfirmed. The source passage cites 16 U.S.C. § 3821. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
§ 3821. Program ineligibility
(a) Production on converted wetland
Except as provided in this subchapter and not-
withstanding any other provision of law, any
person who in any crop year produces an agri-
cultural commodity on converted wetland, as
determined by the Secretary, shall be—
(1) in violation of this section; and
(2) ineligible for loans or payments in an
amount determined by the Secretary to be
proportionate to the severity of the violation.
(b) Ineligibility for certain loans and payments
If a person is determined to have committed a
violation under subsection (a) during a crop
year, the Secretary shall determine which of,
and the amount of, the following loans and pay-
ments for which the person shall be ineligible:
(1) Contract payments under a production
flexibility
contract,
marketing
assistance
loans, and any type of price support or pay-
ment made available under the Agricultural
Market Transition Act [7 U.S.C. 7201 et seq.],
the Commodity Credit Corporation Charter
Act (15 U.S.C. 714 et seq.), or any other Act.
(2) A loan made or guaranteed under the
Consolidated Farm and Rural Development
Act (7 U.S.C. 1921 et seq.) or any other provi-
sion of law administered by the Consolidated
Farm Service Agency,1 if the Secretary deter-
mines that the proceeds of the loan will be
used for a purpose that will contribute to con-
version of a wetland (other than as provided in
this subchapter) to produce an agricultural
commodity.
(3) During the crop year:
(A) A payment made pursuant to a con-
tract entered into under the environmental
quality incentives program under subpart A
of part IV of subchapter IV.
(B) A payment under any other provision
of subchapter IV.
(C) A payment under section 2201 or 2202 of
this title.
(D) A pay
Stored review status: historical_2024_not_currentness_verified. The source passage cites 16 U.S.C. § 3821. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
§ 8771. Repealed. Pub. L. 113–79, title I, § 1421,
Feb. 7, 2014, 128 Stat. 694
Section, Pub. L. 110–234, title I, § 1501, May 22, 2008, 122
Stat. 990; Pub. L. 110–246, § 4(a), title I, § 1501, June 18,
2008, 122 Stat. 1664, 1718, related to the dairy product
price support program.
§ 8772. Dairy forward pricing program
(a) Program required
The Secretary shall establish a program under
which milk producers and cooperative associa-
tions of producers are authorized to voluntarily
enter into forward price contracts with milk
handlers.
(b) Minimum milk price requirements
Payments made by milk handlers to milk pro-
ducers and cooperative associations of pro-
ducers, and prices received by milk producers
and cooperative associations, in accordance with
the terms of a forward price contract authorized
by subsection (a), shall be treated as satis-
fying—
(1) all uniform and minimum milk price re-
quirements of subparagraphs (B) and (F) of
paragraph (5) of section 608c of this title; and
(2) the total payment requirement of sub-
paragraph (C) of that paragraph.