Loan rates for nonrecourse marketing assistance loans
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(a) 2002 and 2003 crop yearsFor 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:
(A)
Sunflower seed.
(B)
Rapeseed.
(C)
Canola.
(D)
Safflower.
(E)
Flaxseed.
(F)
Mustard seed.
(G)
Crambe.
(H)
Sesame seed.
(I)
Other oilseeds designated by the Secretary.