A bill to amend section 316 of the Consolidated Farm and Rural Development Act, as amended, authorizing the Secretary of Agriculture to renew operating loans and for other purposes.

Provides, under the Consolidated Farm and Rural Development Act, that the Secretary of Agriculture may renew operating loans to specified ranchers in the United States, Puerto Rico, and the Virgin Islands consistent with the borrower's repayment ability and at the discretion of the Secretary. States that loans shall be payable in not more than seven years.