Loan rates for nonrecourse marketing assistance loans
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(a) 2008 crop yearFor purposes of the 2008 crop year, the loan rate for a marketing assistance loan under section 8731 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 base quality 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 long grain rice, $6.50 per hundredweight.
(9)
In the case of medium grain rice, $6.50 per hundredweight.
(10)
In the case of soybeans, $5.00 per bushel.
(11) In the case of other oilseeds, $9.30 per hundredweight 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.