Section 10309: Marketing Loans

Section 10309: Marketing Loans

🏦 What Is This Section About?

This section is all about marketing loans — money the government lends to farmers to help them while they wait to sell their crops. The loans make sure farmers don’t go broke if prices are low when it’s time to sell.

✏️ Easy Explanation:

  1. The government is giving farmers more time to get these special loans — now until the year 2031.

  2. Loan money amounts have been set for lots of crops. For example:

    • 🌽 Corn: $2.42 per bushel

    • 🌾 Wheat: $3.72 per bushel

    • 🫘 Soybeans: $6.82 per bushel

    • 🍯 Honey: $1.50 per pound

    • 🐑 Wool: $1.60 per pound

    • 🥜 Peanuts: $390 per ton

    • And many more…

  3. Cotton farmers get help storing their cotton. The government will help pay for storage in some states — up to $4.90 in California/Arizona and $3.00 in other states.

  4. Loan Deficiency Payments (LDPs) — extra money the government gives when crop prices drop too low — will continue until 2031.

  5. Special cotton rules for high-quality cotton (called extra-long staple cotton) will now last until 2032.

💡 Why It Matters:

This helps protect farmers from losing money when prices drop, and keeps food growing strong in the U.S. It’s kind of like a safety net so they don’t fall when times are tough.


Here's the original:

SEC. 10309. MARKETING LOANS.
    (a) Availability of Nonrecourse Marketing Assistance Loans for Loan 
Commodities.--Section 1201(b)(1) of the Agricultural Act of 2014 (7 
U.S.C. 9031(b)(1)) is amended by striking ``2023'' and inserting 
``2031''.
    (b) Loan Rates for Nonrecourse Marketing Assistance Loans.--Section 
1202 of the Agricultural Act of 2014 (7 U.S.C. 9032) is amended--
        (1) in subsection (b)--
            (A) in the subsection heading, by striking ``2023'' and 
        inserting ``2025''; and
            (B) in the matter preceding paragraph (1), by striking 
        ``2023'' and inserting ``2025'';
        (2) by redesignating subsections (c) and (d) as subsections (d) 
    and (e), respectively;
        (3) by inserting after subsection (b) the following:
    ``(c) 2026 Through 2031 Crop Years.--For purposes of each of the 
2026 through 2031 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, $3.72 per bushel.
        ``(2) In the case of corn, $2.42 per bushel.
        ``(3) In the case of grain sorghum, $2.42 per bushel.
        ``(4) In the case of barley, $2.75 per bushel.
        ``(5) In the case of oats, $2.20 per bushel.
        ``(6) In the case of upland cotton, $0.55 per pound.
        ``(7) In the case of extra long staple cotton, $1.00 per pound.
        ``(8) In the case of long grain rice, $7.70 per hundredweight.
        ``(9) In the case of medium grain rice, $7.70 per 
    hundredweight.
        ``(10) In the case of soybeans, $6.82 per bushel.
        ``(11) In the case of other oilseeds, $11.10 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, $6.87 per hundredweight.
        ``(13) In the case of lentils, $14.30 per hundredweight.
        ``(14) In the case of small chickpeas, $11.00 per 
    hundredweight.
        ``(15) In the case of large chickpeas, $15.40 per 
    hundredweight.
        ``(16) In the case of graded wool, $1.60 per pound.
        ``(17) In the case of nongraded wool, $0.55 per pound.
        ``(18) In the case of mohair, $5.00 per pound.
        ``(19) In the case of honey, $1.50 per pound.
        ``(20) In the case of peanuts, $390 per ton.'';
        (4) in subsection (d) (as so redesignated), by striking 
    ``(a)(11) and (b)(11)'' and inserting ``(a)(11), (b)(11), and 
    (c)(11)''; and
        (5) in subsection (e) (as so redesignated), in paragraph (1), 
    by striking ``$0.25'' and inserting ``$0.30''.
    (c) Payment of Cotton Storage Costs.--Section 1204(g) of the 
Agricultural Act of 2014 (7 U.S.C. 9034(g)) is amended--
        (1) by striking ``Effective'' and inserting the following:
        ``(1) Crop years 2014 through 2025.--Effective'';
        (2) in paragraph (1) (as so designated), by striking ``2023'' 
    and inserting ``2025''; and
        (3) by adding at the end the following:
        ``(2) Payment of cotton storage costs.--Effective for each of 
    the 2026 through 2031 crop years, the Secretary shall make cotton 
    storage payments for upland cotton and extra long staple cotton 
    available in the same manner as the Secretary provided storage 
    payments for the 2006 crop of upland cotton, except that the 
    payment rate shall be equal to the lesser of--
            ``(A) the submitted storage charge for the current 
        marketing year; and
            ``(B) in the case of storage in--
                ``(i) California or Arizona, a payment rate of $4.90; 
            and
                ``(ii) any other State, a payment rate of $3.00.''.
    (d) Loan Deficiency Payments.--
        (1) Continuation.--Section 1205(a)(2)(B) of the Agricultural 
    Act of 2014 (7 U.S.C. 9035(a)(2)(B)) is amended by striking 
    ``2023'' and inserting ``2031''.
        (2) Payments in lieu of ldps.--Section 1206 of the Agricultural 
    Act of 2014 (7 U.S.C. 9036) is amended, in subsections (a) and (d), 
    by striking ``2023'' each place it appears and inserting ``2031''.
    (e) Special Competitive Provisions for Extra Long Staple Cotton.--
Section 1208(a) of the Agricultural Act of 2014 (7 U.S.C. 9038(a)) is 
amended, in the matter preceding paragraph (1), by striking ``2026'' 
and inserting ``2032''.
    (f) Availability of Recourse Loans.--Section 1209 of the 
Agricultural Act of 2014 (7 U.S.C. 9039) is amended, in subsections 
(a)(2), (b), and (c), by striking ``2023'' each place it appears and 
inserting ``2031''.

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