### Question
How does the law define United States Premium Factor?


### Answer
Under *7 U.S.C. § 9011*, **United States Premium Factor** is defined as:

> 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. § 9011*
  - Heading: **CHAPTER 115-AGRICULTURAL COMMODITY POLICY AND PROGRAMS > SUBCHAPTER I-COMMODITY POLICY**

