12 2 STA T .954PUBLIC LA W 11 0– 2 3 4 —M A Y 22 , 200 8SEC.120 2. LOANR A T ES F OR NONRECO U RSE M AR K ET I N G ASSISTANCE LOANS. (a)20 0 8CROPYEA R .—Forpu rpo se so fth e 2008 c rop y ear , the l oa n rate for a m ar k et i n g assistance loan un d er section 1 201 for a loan commodity shall b ee q ual to the follo w ing
(1) I n the case of wheat, $ 2. 75 per bushel. (2) In the case of corn, $1. 9 5 per bushel. ( 3 ) In the case of grain sorghum, $1.95 per bushel. ( 4 ) In the case of barley, $1.85 per bushel. (5) In the case of oats, $1.33 per bushel. ( 6 ) In the case of base quality of upland cotton, $0.52 per pound. (7)Inthecaseofe x tra long staple cotton, $0.7977 per pound. (8) In the case of long grain rice, $6.50 per hundredweight. (9) In the case of medium grain rice, $6.50 per hundred - weight. (10) In the case of soybeans, $5.00 per bushel. (11) In the case of other oilseeds, $9.30 per hundredweight for each of the following kinds of oilseeds: ( A ) S unflower seed. ( B ) R apeseed. (C) Canola. ( D ) Safflower. ( E ) Flaxseed. (F) M ustard seed. ( G ) Crambe. ( H ) Sesame seed. (I) O ther oilseeds designated by the Secretary. (12) In the case of dry peas, $6.22 per hundredweight. (13) In the case of lentils, $11.72 per hundredweight. (14) In the case of small chickpeas, $7.43 per hundred- weight. (15) In the case of graded wool, $1.00 per pound. (16) In the case of nongraded wool, $0.40 per pound. (17) In the case of mohair, $4.20 per pound. (18) In the case of honey, $0.60 per pound. (b) 2009 CROP YEAR.—Except as pro v ided in section 1105, for purposes of the 2009 crop year, the loan rate for a marketing assistance loan under section 1201 for a loan commodity shall be equal to the following: (1) In the case of wheat, $2.75 per bushel. (2) In the case of corn, $1.95 per bushel. (3) In the case of grain sorghum, $1.95 per bushel. (4) In the case of barley, $1.85 per bushel. (5) In the case of oats, $1.33 per bushel. (6) In the case of base quality of upland cotton, $0.52 per pound. (7) In the case of extra long staple cotton, $0.7977 per pound. (8) In the case of long grain rice, $6.50 per hundredweight. (9) In the case of medium grain rice, $6.50 per hundred- weight. (10) In the case of soybeans, $5.00 per bushel. (11) In the case of other oilseeds, $9.30 per hundredweight for each of the following kinds of oilseeds: (A) Sunflower seed. 7USC8 7 32.
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