# § 8732. Loan rates for nonrecourse marketing assistance loans
**(a)** **2008 crop year** For 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.
**(12)** In the case of dry peas, $6.22 per hundredweight.
**(13)** In the case of lentils, $11.72 per hundredweight.
**(14)** In the case of small chickpeas, $7.43 per hundredweight.
**(15)** In the case of graded wool, $1.00 per pound.
**(16)** In the case of nongraded wool, $0.40 per pound.
**(17)** In the case of mohair, $4.20 per pound.
**(18)** In the case of honey, $0.60 per pound.
**1** **2009 crop year** Except as provided in section 8715 [^1] of this title, for purposes of the 2009 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:
See References in Text note below.
**(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.
**(12)** In the case of dry peas, $5.40 per hundredweight.
**(13)** In the case of lentils, $11.28 per hundredweight.
**(14)** In the case of small chickpeas, $7.43 per hundredweight.
**(15)** In the case of large chickpeas, $11.28 per hundredweight.
**(16)** In the case of graded wool, $1.00 per pound.
**(17)** In the case of nongraded wool, $0.40 per pound.
**(18)** In the case of mohair, $4.20 per pound.
**(19)** In the case of honey, $0.60 per pound.
**(c)** **2010 through 2012 crop years** Except as provided in section 8715 <sup>1</sup> of this title, for purposes of each of the 2010 through 2012 crop years, 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, $2.94 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, $1.95 per bushel.
**(5)** In the case of oats, $1.39 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, $10.09 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.
**(12)** In the case of dry peas, $5.40 per hundredweight.
**(13)** In the case of lentils, $11.28 per hundredweight.
**(14)** In the case of small chickpeas, $7.43 per hundredweight.
**(15)** In the case of large chickpeas, $11.28 per hundredweight.
**(16)** In the case of graded wool, $1.15 per pound.
**(17)** In the case of nongraded wool, $0.40 per pound.
**(18)** In the case of mohair, $4.20 per pound.
**(19)** In the case of honey, $0.69 per pound.
**(d)** **Single county loan rate for other oilseeds** The Secretary shall establish a single loan rate in each county for each kind of other oilseeds described in subsections (a)(11), (b)(11), and (c)(11).
---
**Source Credit**: (Pub. L. 110–234, title I, § 1202, May 22, 2008, 122 Stat. 954; Pub. L. 110–246, § 4(a), title I, § 1202, June 18, 2008, 122 Stat. 1664, 1682.)
## Editorial Notes
### References in Text
, referred to in subsecs. (b) and (c), was repealed by , , .
### Codification
and enacted identical sections. was repealed by .
## Statutory Notes and Related Subsidiaries
### Effective Date
Enactment of this section and repeal of by effective , the date of enactment of , see , set out as a note under .