Page:United States Statutes at Large Volume 52.djvu/85

 PUBLIC LAWS-CH. 30 -FEB. 16, 1938 Loans to cooperators and noncooperators wit h i n prescribed area. Loans to cooper- ators outside pre- scribed area. Modification of rates. Cooperators, provi- sions governing. Producer innocently exceeding his allot- mont. Adversereforendum on marketing quotas; loan restriction. Personal liability for deficiencies arising from sale of collater- al, etc. Facilities and per- sonnel. 65 per centum of such parity price if such estimate exceeds a normal year's domestic consumption and exports by more than 10 per centum and not more than 15 per centum; 60 per centum of such parity price if such estimate exceeds a normal year's domestic consumption and exports by more than 15 per centum and not more than 20 per centum; 55 per centum of such parity price if such estimate exceeds a normal year's domestic consumption and exports by more than 20 per centum and not more than 25 per centum; 52 per centum of such parity price if such estimate exceeds a normal year's domestic consumption and exports by more than 25 per centum. Loans shall be made to cooperators in the commercial corn-producing area at the applicable rate of the above schedule. Loans shall be made to noncooperators within such commercial corn-producing area but only during a marketing year in which farm marketing quotas are in effect and only on corn stored under seal pursuant to section 324, and the rate of such loans shall be 60 per centum of the appli- cable rate under the above schedule. Loans shall be made to cooperators outside such commercial corn-producing area, and the rate of such loans shall be 75 per centum of the applicable rate under the above schedule. (e) The rates of loans under subsections (b), (c), and (d) on wheat, cotton, and corn not of standard grade, type, staple, or quality shall be increased or decreased in relation to the rates above provided by such amounts as the Secretary prescribes as properly reflecting differences from standard in grade, type, staple, and quality. (f) For the purposes of subsections (b), (c), and (d), a cooper- ator shall be a producer on whose farm the acreage planted to the commodity for the crop with respect to which the loan is made does not exceed the farm acreage allotment for the commodity under this title, or, in the case of loans upon corn to a producer outside the commercial corn-producing area, a producer on whose farm the acreage planted to soil-depleting crops does not exceed the farm acreage allotment for soil-depleting crops for the year in which the loan is made under the Soil Conservation and Domestic Allotment Act, as amended. For the purposes of this subsection a producer shall not be deemed to have exceeded his farm acreage allotment unless such producer knowingly exceeded his farm acreage allotment. (g) Notwithstanding any other provision of this section, if the farmers producing cotton, wheat, corn, or rice indicate by vote in a referendum carried out pursuant to the provisions of this title that marketing quotas with respect to such commodity are opposed by more than one-third of the farmers voting in such referendum, no loan shall be made pursuant to this section with respect to the com- modity during the period from the date on which the results of the referendum are proclaimed by the Secretary until the beginning of the second succeeeding marketing year for such commodity. This subsection shall not limit the availability or renewal of any loan previously made. (h) No producer shall be personally liable for any deficiency arising from the sale of the collateral securing any loan under this section unless such loan was obtained through fraudulent representa- tions by the producer. (i) In carrying out this section the Corporation is directed, with the consent of the Secretary, to utilize the services, facilities, and personnel of the Department. So in original. 44 [52 STAT.

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