This part keeps farm marketing loans running through 2031. It writes a loan rate into law for each crop for the 2026 to 2031 crop years. It also sets new cotton storage payments and raises one cotton figure.
The document says “is amended”Who acts: Secretary of AgricultureHow: statuteSec. 10309 in the PDF
What the document says
“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".”
The section strikes 2023 and inserts 2031 in section 1201(b)(1) of the Agricultural Act of 2014 (7 U.S.C. 9031(b)(1)). That older provision is not indexed here, so this record states the change and stops.
What the document actually says
“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".”
That sentence, in plain words
The year 2023 is taken out of an older farm law. The year 2031 is put in.
What this is about
The change keeps a loan program going for eight more years. A marketing loan lets a farmer borrow against a stored crop. The older law 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.
The document says “shall”Who acts: Secretary of AgricultureHow: statuteSec. 10309 in the PDF
What the document says
“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:”
The section inserts a new subsection (c) into section 1202 of the Agricultural Act of 2014 (7 U.S.C. 9032) listing twenty rates for the 2026 through 2031 crop years: wheat $3.72 a bushel, corn $2.42, grain sorghum $2.42, barley $2.75, oats $2.20, upland cotton $0.55 a pound, extra long staple cotton $1.00 a pound, long grain rice $7.70 a hundredweight, medium grain rice $7.70, soybeans $6.82 a bushel, other oilseeds $11.10 a hundredweight, dry peas $6.87, lentils $14.30, small chickpeas $11.00, large chickpeas $15.40, graded wool $1.60 a pound, nongraded wool $0.55, mohair $5.00, honey $1.50, and peanuts $390 a ton. It also strikes 2023 and inserts 2025 in the heading and opening words of subsection (b), and strikes $0.25 and inserts $0.30 in paragraph (1) of the redesignated subsection (e).
What the document actually says
“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:”
That sentence, in plain words
For the 2026 to 2031 crop years the law fixes a loan rate. The list that follows gives the rate for each crop.
What this is about
Twenty crops are named. Wheat is set at $3.72 a bushel. Corn is set at $2.42. Peanuts are set at $390 a ton.
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.
The document says “shall”Who acts: Secretary of AgricultureHow: statuteSec. 10309 in the PDF
What the document says
“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”
The section adds a new paragraph (2) to section 1204(g) of the Agricultural Act of 2014 (7 U.S.C. 9034(g)) requiring cotton storage payments for the 2026 through 2031 crop years, in the same manner as for the 2006 crop of upland cotton, at a rate equal to the lesser of the submitted storage charge for the current marketing year and a rate of $4.90 for storage in California or Arizona or $3.00 in any other State. It also labels the existing rule as crop years 2014 through 2025 and strikes 2023, inserting 2025.
What the document actually says
“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”
That sentence, in plain words
For the 2026 to 2031 crop years the Secretary must pay cotton storage costs. It is done the way it was done for the 2006 crop.
What this is about
The rate is the lower of two figures. One is the charge the grower puts in. The other is $4.90 in California or Arizona and $3.00 elsewhere.
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.
The document says “is amended”Who acts: Secretary of AgricultureHow: statuteSec. 10309 in the PDF
What the document says
“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".”
The section strikes 2023 and inserts 2031 in section 1205(a)(2)(B) of the Agricultural Act of 2014, in subsections (a) and (d) of section 1206 of that Act (7 U.S.C. 9036), and in subsections (a)(2), (b) and (c) of section 1209 of that Act (7 U.S.C. 9039).
What the document actually says
“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".”
That sentence, in plain words
The year 2023 is taken out of an older farm law. The year 2031 is put in.
What this is about
The same swap is made in two more older sections. One covers payments in place of loans. The other covers a different kind of loan.
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.
The document says “is amended”Who acts: Secretary of AgricultureHow: statuteSec. 10309 in the PDF
What the document says
“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".”
The section strikes 2026 and inserts 2032 in the matter preceding paragraph (1) of section 1208(a) of the Agricultural Act of 2014 (7 U.S.C. 9038(a)). That older provision is not indexed here, so this record states the change and stops.
What the document actually says
“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".”
That sentence, in plain words
The year 2026 is taken out of an older farm law. The year 2032 is put in.
What this is about
The rule it sits in deals with a long fiber cotton. What that rule does is not recorded here. Only the date change is.
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.
Each distinct thing the section does: the extension of loan availability, the new loan rates for the 2026 through 2031 crop years, the new cotton storage payment rates, the extension of loan deficiency payments and recourse loans, and the extension of the special competitive provisions for extra long staple cotton.
The redesignation of subsections (c) and (d) as (d) and (e), the conforming cross reference change in the redesignated subsection (d), and the twenty individual loan rates, which are carried in the summary rather than recorded one by one.
The section works by amending sections 1201, 1202, 1204, 1205, 1206, 1208 and 1209 of the Agricultural Act of 2014, none of which is indexed here, so how a marketing assistance loan works cannot be checked against anything on this site.
