SEC. 1202. LOAN RATES FOR NONRECOURSE MARKETING 20 ASSISTANCE LOANS

Extra-long staple cotton marketing loan rates are increased to $0.95 per pound (an increase of 19 percent over the rate set in the 2014 bill). All other covered commodities have the same loan rate as in 2014.

The bill also makes recourse loans available for contaminated commodities. Commodities that lose their eligibility for non-recourse marketing loans because the commodity is determined to be contaminated, but is still marketable, can instead be eligible for recourse marketing loans.

This may be a provision to deal with commodities that were damaged by natural disasters, but still usable for purposes that required lower quality.