[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: 7CFR1421.9]

[Page 434]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1421_GRAINS AND SIMILARLY HANDLED COMMODITIES_MARKETING ASSISTANCE LOANS 
 
                            Subpart A_General
 
Sec.  1421.9  Basic loan rates.

    (a) Basic marketing assistance loan rates for a commodity may be 
established on a State, regional, county basis or other basis and may be 
adjusted by CCC to reflect quality and location and other factors 
applicable to the commodity and as otherwise provided in this section.
    (b) The basic marketing assistance loan rates for wheat, corn, 
barley, oats, grain sorghum, rice, peanuts, soybean, canola, flaxseed, 
mustard seed, rapeseed, safflower, sunflower seed, dry peas, lentils, 
small chickpeas, wool, mohair and other crops designated by CCC will be 
determined by CCC and made available at State and county offices.
    (c)(1) For all commodities except rice, warehouse-stored loans shall 
be disbursed at levels based on the basic county marketing assistance 
loan rate for the county where the commodity is stored, adjusted for the 
schedule of premiums and discounts established for the commodity on the 
basis of quality factors set forth on warehouse receipts or supplemental 
certificates and for other quality factors, as determined and announced 
by CCC.
    (2) For rice, warehouse-stored loans shall be disbursed at levels 
based on the milling yields times the whole and broken kernel marketing 
assistance loan rates, adjusted for the schedule of discounts on the 
basis of quality factors set forth on warehouse receipts or supplemental 
certificates and for other quality factors, as determined and announced 
by CCC.