(a) Nonrecourse loans available(1) AvailabilityFor each of the 2008 through 2012 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 conditionsThe marketing assistance loans shall be made under terms and conditions that are prescribed by the Secretary and at the loan rate established under section 8732 of this title for the loan commodity.
(b) Eligible productionThe producers on a farm shall be eligible for a marketing assistance loan under subsection (a) for any quantity of a loan commodity produced on the farm.
(c) Compliance with conservation and wetlands requirementsAs 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 et seq.) and applicable wetland protection requirements under subtitle C of title XII of that Act (16 U.S.C. 3821 et seq.) during the term of the loan.
Structure US Code
CHAPTER 113— AGRICULTURAL COMMODITY SUPPORT PROGRAMS
SUBCHAPTER II— MARKETING ASSISTANCE LOANS AND LOAN DEFICIENCY PAYMENTS
§ 8731. Availability of nonrecourse marketing assistance loans for loan commodities
§ 8732. Loan rates for nonrecourse marketing assistance loans
§ 8735. Loan deficiency payments
§ 8736. Payments in lieu of loan deficiency payments for grazed acreage
§ 8737. Special marketing loan provisions for upland cotton
§ 8738. Special competitive provisions for extra long staple cotton
§ 8739. Availability of recourse loans for high moisture feed grains and seed cotton