Page:United States Statutes at Large Volume 114 Part 1.djvu/437

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PUBLIC LAW 106-224-JUNE 20, 2000 114 STAT. 401 (1) REQUIREMENT. —The Secretary, acting through the Farm Service Agency, shall use funds of the Commodity Credit Corporation to make loans to producers of apples that are suffering economic loss as the result of low prices for apples. (2) TERM.— The term of a loan made under this subsection shall be not more than 3 years. (3) INTEREST RATE.— The interest rate for a loan made under this subsection shall be at a rate equal to the then current cost of money to the Government of the United States for loans of similar maturity. (4) SECURITY.— The Secretary may require a loan made under this subsection to be secured by real property or such other collateral as the Secretary considers appropriate and protects the interests of the Federal Government. (5) LIMITATION. —The cost of all loans made under this subsection shall not exceed $5,000,000. SEC. 204. OTHER COMMODITIES. 7 USC 1421 note. (a) PEANUTS. — (1) IN GENERAL.— The Secretsiry shall use funds of the Commodity Credit Corporation to provide payments to producers of quota peanuts or additional peanuts to partially compensate the producers for continuing low commodity prices, and increasing costs of production, for the 2000 crop year. (2) AMOUNT.— The amount of a pa3anent made to producers on a farm of quota peanuts or additional peanuts under paragraph (1) shall be equal to the product obtained by multiplying— (A) the quantity of quota peanuts or additional peanuts produced or considered produced by the producers; and (B) a pa3Tnent rate equal to— (i) in the case of quota peanuts, $30.50 per ton; and (ii) in the case of additional pesuiuts, $16.00 per ton. (b) TOBACCO.— (1) DEFINITIONS.— In this subsection: (A) ELIGIBLE PERSON.— The term "eligible person" means a person that owns or operates, or produces eligible tobacco on, a farm— (i) for which the quantity of quota of eligible tobacco allotted to the farm under part I of subtitle B of title III of the Agricultural Adjustment Act of 1938 (7 U.S.C. 1311 et seq.) was reduced from the 1999 crop year to the 2000 crop year; and (ii) that is used for the production of eligible tobacco during the 2000 crop year. (B) ELIGIBLE TOBACCO.— The term "eligible tobacco" means each of the following kinds of tobacco: (i) Flue-cured tobacco, comprising types 11, 12, 13, and 14. (ii) Fire-cured tobacco, comprising type 21. (iii) Burley tobacco, comprising type 31. (iv) Cigar-filler and cigar-binder tobacco, comprising types 42, 43, 44, 54, and 55.