[Code of Federal Regulations]
[Title 7, Volume 10]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR1421.102]

[Page 437]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1421_GRAINS AND SIMILARLY HANDLED COMMODITIES_MARKETING ASSISTANCE LOANS 
 
                  Subpart B_Marketing Assistance Loans
 
Sec.  1421.102  Adjustment of basic loan rates.

    (a) Basic loan rates are established under Sec.  1421.9 and will be 
adjusted or not adjusted as follows:
    (1) For farm-stored commodities, except for peanuts, that exceed 
acceptable levels of contamination, the loan rate will be discounted to 
10 percent of the base county marketing assistance loan rate.
    (2) For farm-stored commodities where the test weight discounts are 
on the:
    (i) Crop year specific schedules of premiums and discounts, the loan 
rate shall be adjusted for the higher of the discount for test weight or 
grade based on test weight.
    (ii) Additional schedule of discounts, the marketing assistance loan 
rate shall be reduced to 20 percent of the county average marketing 
assistance loan rate.
    (3) With respect to commodities harvested, excluding silage or hay, 
as other than grain and pledged as collateral for a nonrecourse 
marketing assistance loan, the marketing assistance loan rate shall be 
discounted to 30 percent of the base county loan rate.
    (4) With respect to farm-stored wheat, the basic county marketing 
assistance loan rate shall not be adjusted to reflect the protein 
content.
    (5) With respect to Segregation 2 and 3 peanuts as determined by 
CCC, the marketing assistance loan rate shall be discounted to 35 
percent of the applicable loan rate.