7 U.S.C. § 8734: Repayment of loans

the loan rate established for the commodity under section 8732 of this title , plus interest (determined in accordance with section 7283 of this title ); is calculated based on average market prices for the loan commodity during the preceding 30-day period; and will minimize discrepancies in marketing loan benefits across State boundaries and across county boundaries; or minimize potential loan forfeitures; minimize the accumulation of stocks of the commodity by the Federal Government; minimize the cost incurred by the Federal Government in storing the commodity; allow the commodity produced in the United States to be marketed freely and competitively, both domestically and internationally; and minimize discrepancies in marketing loan benefits across State boundaries and across county boundaries. the loan rate established for the commodity under section 8732 of this title , plus interest (determined in accordance with section 7283 of this title ); or the prevailing world market price for the commodity, as determined and adjusted by the Secretary in accordance with this section. Repayment of a marketing assistance loan for extra long staple cotton shall be at the loan rate established for the commodity under section 8732 of this title , plus interest (determined in accordance with section 7283 of this title ). a formula to determine the prevailing world market price for each of upland cotton, long grain rice, and medium grain rice; and a mechanism by which the Secretary shall announce periodically those prevailing world market prices. The prevailing world market price for long grain rice and medium grain rice determined under subsection (d) shall be adjusted to United States quality and location. a reduction equal to any United States Premium Factor for upland cotton of a quality higher than Middling (M) 1 3 ⁄ 32 -inch; and the average costs to market the commodity, including average transportation costs, as determined by the Secretary; and minimize potential loan forfeitures; minimize the accumulation of stocks of upland cotton by the Federal Government; ensure that upland cotton produced in the United States can be marketed freely and competitively, both domestically and internationally; and there are insufficient current-crop price quotations; and the forward-crop price quotation is the lowest such quotation available. In making adjustments under this subsection, the Secretary shall establish a mechanism for determining and announcing the adjustments in order to avoid undue disruption in the United States market. the loan rate established for the commodity under section 8732 of this title , plus interest (determined in accordance with section 7283 of this title ); or the repayment rate established for oil sunflower seed. Effective for each of the 2008 through 2011 crop years, the Secretary shall provide cotton storage payments in the same manner, and at the same rates as the Secretary provided storage payments for the 2006 crop of cotton, except that the rates shall be reduced by 10 percent. Beginning with the 2012 crop year, the Secretary shall provide cotton storage payments in the same manner, and at the same rates as the Secretary provided storage payments for the 2006 crop of cotton, except that the rates shall be reduced by 20 percent. In the event of a severe disruption to marketing, transportation, or related infrastructure, the Secretary may modify the repayment rate otherwise applicable under this section for marketing assistance loans under section 8731 of this title for a loan commodity. Any adjustment made under paragraph (1) in the repayment rate for marketing assistance loans for a loan commodity shall be in effect on a short-term and temporary basis, as determined by the Secretary.