Rice and upland cotton loans may be repaid at the world market price
To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 10310, Sec. 10310.
Written by .
Rice and upland cotton loans may be repaid at the world market price
The document says “shall”Who acts: Secretary of AgricultureHow: statuteSec. 10310 in the PDF
What the document says
“in the case of long grain rice and medium grain rice, the prevailing world market price for the commodity, as determined and adjusted by the Secretary in accordance with this section; or”
The section strikes paragraph (2) of subsection (b) of section 1204 of the Agricultural Act of 2014 (7 U.S.C. 9034) and inserts a new subparagraph (B) naming the prevailing world market price, as determined and adjusted by the Secretary under that section, as a repayment rate for long grain rice, medium grain rice and upland cotton.
What the document actually says
“in the case of long grain rice and medium grain rice, the prevailing world market price for the commodity, as determined and adjusted by the Secretary in accordance with this section; or”
That sentence, in plain words
For long grain rice and medium grain rice a second rate is named. That rate is the world market price. The Secretary works it out and adjusts it.
What this is about
Upland cotton gets the same treatment in the next clause. A world price below the loan rate makes the loan cheaper to pay off. The older law it sits in is not indexed here.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Provide for reconciliation pursuant to title II of H. Con. Res. 14, Public Law 119-21, sec. 10310, 139 Stat. 94 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“Rice and upland cotton loans may be repaid at the world market price,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 10310, Sec. 10310. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec10310-world-price-repayment/ (retrieved October 10, 2026).
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