A bill to amend the Agricultural Act of 1969 to provide drought relief to producers of 1988 crops of wheat, feed grains, upland cotton, and for other purposes.

Amends the Agricultural Act of 1949 to provide that wheat, feed grain, upland cotton, and rice producers eligible for deficiency payments shall be eligible for such payments on 92 percent of their 1988 acreage that: (1) was planted; and (2) is included in specified failed acreage reports.