Merchant Marine Support and Equity Act of 1987

Merchant Marine Support and Equity Act of 1987 - Requires at least 50 percent of the tonnage of all agricultural commodities imported into the United States, for which an adequate production capacity exists within the United States, be shipped in private U.S. vessels.

Waives such requirement whenever the President or the Congress declares that an emergency exists that justifies such waiver. Limits such waiver to no longer than six months.

Requires the Secretary of Agriculture to annually determine and publish in the Federal Register a list of the commodities and products to be shipped under the provisions of this Act.