### Question
How is the term United States Premium Factor defined?


### Answer
The term **United States Premium Factor** is defined in *7 U.S.C. § 8702* as the following:

> the percentage by which the difference in the United States loan schedule premiums for Strict Middling (SM) 11/8-inch upland cotton and for Middling (M) 13/32-inch upland cotton exceeds the difference in the applicable premiums for comparable international qualities

#### Citation:
  - *7 U.S.C. § 8702*
  - Heading: **CHAPTER 113-AGRICULTURAL COMMODITY SUPPORT PROGRAMS**

