Source: http://www.law.cornell.edu/uscode/text/7/8735?quicktabs_8=3
Timestamp: 2013-12-05 01:25:38
Document Index: 211316412

Matched Legal Cases: ['§ 8735', '§ 8735', '§ 8735', '§ 1205', '§ 4', '§ 1205']

7 USC § 8735 - Loan deficiency payments | Title 7 - Agriculture | U.S. Code | LII / Legal Information Institute
USC › Title 7 › Chapter 113 › Subchapter II › § 8735	prevnext
7 USC § 8735 - Loan deficiency payments
In general Except as provided in subsection (d), the Secretary may make loan deficiency payments available to producers on a farm that, although eligible to obtain a marketing assistance loan under section 8731 of this title with respect to a loan commodity, agree to forgo obtaining the loan for the commodity in return for loan deficiency payments under this section.
Marketing assistance loans Subject to subparagraph (B), nongraded wool in the form of unshorn pelts and hay and silage derived from a loan commodity are not eligible for a marketing assistance loan under section 8731 of this title.
Loan deficiency payment Effective for the 2008 through 2012 crop years, the Secretary may make loan deficiency payments available under this section to producers on a farm that produce unshorn pelts or hay and silage derived from a loan commodity.
Computation A loan deficiency payment for a loan commodity or commodity referred to in subsection (a)(2) shall be computed by multiplying—
(Pub. L. 110–234, title I, § 1205,May 22, 2008, 122 Stat. 958; Pub. L. 110–246, § 4(a), title I, § 1205,June 18, 2008, 122 Stat. 1664, 1686.)