### Question
How does the law define loan commodity?


### Answer
Under *7 U.S.C. § 8702*, **loan commodity** is defined as:

> wheat, corn, grain sorghum, barley, oats, upland cotton, extra long staple cotton, long grain rice, medium grain rice, soybeans, other oilseeds, graded wool, nongraded wool, mohair, honey, dry peas, lentils, small chickpeas, and large chickpeas

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

