LOAN RATES FOR NONRECOURSE MARKETING ASSISTANCE LOANS.

SEC. 1202. 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 1201 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.(b) 2009 Crop Year.—Except as provided in section 1105, for purposes of the 2009 crop year, the loan rate for a marketing 122 STAT. 1683 assistance loan under section 1201 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, $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 1105, for purposes of each of the 2010 through 2012 crop years, the loan rate for a marketing assistance loan under section 1201 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.122 STAT. 1684(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).