Authorizes the Secretary of Agriculture to guarantee loans for the financing of livestock operations when the applicant's usual credit source becomes unavailable without the guarantee provided by this Act.
Allows the Secretary to prescribe the terms and security for such loan guarantees.
Provides that loan guarantees under this Act may not exceed $3,000,000 at any one time.
Referred to Senate Committee on Agriculture and Forestry.
Introduced in House
Introduced in House
Referred to House Committee on Agriculture.
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