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7 U.S. Code § 7931

Availability of nonrecourse marketing assistance loans for loan commodities

7 U.S. Code § 7931. Availability of nonrecourse marketing assistance loans for loan commodities

(a) Nonrecourse loans available
(1) Availability
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) Terms and conditions
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.
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