A bill to amend the Consolidated Farm and Rural Development Act.

Amends the Consolidated Farm and Rural Development Act to establish a flat interest rate of five percent per year on emergency loans, regardless of whether the amount of a loan exceeds the amount of actual loss caused by a disaster. Reduces from 20 percent to ten percent the loss of production an applicant must show to be sustained as a result of a disaster, if such applicant seeks financial assistance based on production losses.